1204 Gettig Rd, Rosedale, MD 21237
4 beds · 2 baths · 1,702 sqft
Welcome to this charming brick porch-front rancher, offering a spacious layout and modern updates. As you enter, you are greeted by refinished hardwood floors throughout the main level, creating a warm and inviting atmosphere. The living room is perfect for entertaining, featuring a brick fireplace for cozy evenings. The dining room is filled with natural light, providing a welcoming space to host gatherings. The spacious kitchen offers ample cabinet and prep space, along with stainless steel appliances for easy meal preparation. The main level includes three generously sized bedrooms with large closets and a full bathroom with a tub/shower combo. The fully finished lower level expands your living space with a large rec room featuring a wood pellet stove, an additional bedroom, a full bathroom with a stall shower, and an extra flex room—perfect as a home office, den, or additional bedroom. Step outside to the fully fenced backyard, designed for entertaining with a covered patio, above-ground pool, and trampoline. The large shed with electricity provides the perfect space for a workshop or extra storage. Recent Updates Include: Pool Pump (2024), Updated Bathrooms, Whole-Home Water Softener System. Conveniently located near Philadelphia Road, Route 40, I-695, White Marsh Mall, and numerous shops and restaurants, this home offers both comfort and accessibility. Schedule your showing today!
Source: BRIGHT #MDBC2118702
Financials
Source: Public records
Source: BRIGHT #MDBC2118702
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.