7951 Silver Oak Rd Hanover, MD 21076
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About this home
Don’t miss this stunning brick-front, expansive 2013 townhome in pristine condition, located in the sought-after Pointe at Arundel Preserves! Step inside to a welcoming foyer featuring beautiful dark hardwood floors and sun-filled large windows. The main entry level boasts an open-concept floor plan complete with a spacious living room, cozy gas fireplace in a second seating area off the kitchen, dining area, and a gourmet kitchen designed for both everyday living and entertaining. Enjoy stainless steel appliances, quality cabinetry, and little luxuries like a double oven, and a large center island with breakfast bar and in-island sink. Slider doors off the kitchen lead to a private deck — perfect for grilling or relaxing in fresh air outdoors. Upstairs, you’ll find three generous bedrooms, each with ample closet space and large windows for natural light, plus a full hallway bath with tub shower and convenient laundry area. Head to the luxurious primary suite, featuring a tray ceiling with fan, walk-in closet, and large en suite with a dual sink vanity and a walk-in shower. The lower level offers flexible living space ideal for another family room, home office, or gym, along with a half bath and direct access to your private two-car garage. Fresh paint throughout enhances the home’s modern appeal. Extra bonus information: the HVAC has always been regularly serviced, the air ducts have been cleaned, and there is a Sump pump with a battery backup. This home has been extremely well cared for and maintained with all of the best options! Enjoy incredible community amenities, including a pool, tot lots, walking paths, community center, and more! Conveniently located near shopping, dining, BWI Airport, Arundel Mills, Maryland Live Casino, and with easy access to 695, 95, 100, and other commuter routes. This home combines style, comfort, and unbeatable location — it’s move-in ready and waiting for you!
Source: BRIGHT #MDAA2125200
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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.