8405 58th Ave Berwyn Heights, MD 20740
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About this home
Introducing 58th St. This is a 2 level, 5 bedroom, 2 bath, roughly 2100 SF home located in a quiet neighborhood in sought-after Berwyn Heights. The house comes FULLY renovated and includes: **** Two levels, new paint everywhere both inside and out, Deck, LARGE shed, fresh landscaping, modern black fixtures, new nest thermostat, door bell, washer & Dryer, freshly stained original hardwood on the top floor, new LVP flooring throughout basement level, new lighting throughout with most being recessed LED’s, new baseboards, new door handles-hinges-door stoppers, decor light panel switches, all new receptacles, registers, and smoke detectors. Practically everything has been modified or replaced. (All recessed Lights are currently set at 5k/Daylight, they are adjustable and can be set to 4K/Natural white or 3k/warm white color light as well) **** The kitchen has new Samsung Stainless steel appliances, a quiet garbage disposal, Carrara style subway tile backsplash, Viscon white granite, new soft-close shaker cabinets equipped with modern cabinet pulls, and independent recessed lights. **** All Bathrooms have been fully renovated with marble/granite/quartz vanity tops, shaker style vanity, mirrors, duel flush toilets, lighting, new tile, and new faucet/fixtures. **** The main bathroom has a new tub with modern grey Madison tile, highlighting a hexagon marble accent stripe and shower niche. The floor is Carrara tile. **** The BSMT Bathroom has Carrara tile featuring marble accent stripe, marble shower flooring with recessed marble/tile shower niche, large shower head with wand, and Grey Madison tile flooring. **** This house should go fast!!! Check out the video and see for yourself.
Source: BRIGHT #MDPG2166124
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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.
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