932 Riversedge Cir Annapolis, MD 21401
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About this home
Welcome to 932 Riversedge Circle — a beautifully updated, one-level end-unit townhome in desirable Heritage Harbour, designed for carefree 55+ living. Vacant and move-in ready, this two-bedroom home backs to tranquil woods and offers a charming courtyard patio — ideal for morning coffee or quiet evenings. The open, airy main living area and expansive eat-in kitchen (with a dedicated laundry area just off the kitchen) make daily life comfortable and straightforward. Practical updates include a 2021 electrical panel, attic storage for seasonal items, and ample parking just steps from your front door. This lock-and-leave home is perfect for travelers who want worry-free time away. Heritage Harbour is a vibrant active-adult community with outstanding lifestyle amenities: indoor and outdoor pools, a fully remodeled state-of-the-art universal gym, spa and jacuzzi, billiards, craft and woodworking shops, library, gift shop, auditorium and stage. Outdoors, enjoy pickleball and tennis courts, a café, a pier on the South River, and kayaking. The location is exceptionally convenient — close to doctors, specialists, and the hospital, with abundant shopping and dining options nearby. A one-time Capital Contribution fee of $2,075 is due at closing. Relax and enjoy the best of independent, maintenance-minimized living at 932 Riversedge Circle. Contact your agent for a private showing.
Source: BRIGHT #MDAA2128424
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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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