7693 Oak Ln Pasadena, MD 21122
Your savings
About this home
Price drop to get it sold asap! Cute as a Button & Full of Surprises! 2 Bed | 2 Bath | Water-Privileged Neighborhood. Tucked away on a peaceful dead-end street, this fully renovated gem offers the perfect mix of charm, quality, and lifestyle. Located in a water-privileged community, you'll enjoy access to a pier, picnic area, and boat ramp for just $40/year — ideal for boaters, paddlers, and sunset chasers! Features You'll Love: Down-to-the-studs renovation (2020): updated systems & finishes throughout. Beautiful Hardie Plank Siding for long-lasting curb appeal. Spacious open-concept kitchen with granite countertops and stainless steel appliances. Primary suite with walk-in closet and ensuite bathroom. Open-concept layout with soaring cathedral ceilings. 6-foot privacy fence surrounding the spacious backyard. New brick walkway, charming front porch and matching mailbox for inviting entryway. Pull-down attic stairs, making it easy to access extra storage space without the hassle. Unique custom electric panel cover adds a designer touch. Adorable backyard resident: Toby the Turtle. Square footage is about 160 sf larger than noted in tax records — come see the spacious feel for yourself! This home is "cute as a button", thoughtfully updated, and ready for its next chapter. Whether you're a first-time buyer, downsizing, or looking for the perfect weekend escape, this one is not to be missed! Schedule your showing today!
Source: BRIGHT #MDAA2128780
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.