1505 Wampanoag Dr, Severn, MD 21144
4 beds · 2 baths · 1,554 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 1505 Wampanoag Drive — a beautifully refreshed, move-in ready split-foyer home in Wethersfield, a quaint tree-lined community in Severn. From the moment you arrive, you'll appreciate the charm of the neighborhood, complete with sidewalks, mature trees, and pride of ownership throughout. Best of all, no HOA fees. Step inside to discover a freshly painted interior with brand-new carpet and luxury vinyl plank flooring, creating a clean and inviting atmosphere. The spacious layout includes 4 bedrooms and 2 full baths, offering flexibility for families, guests, or home office needs. The finished walkout lower level opens to a flat, fully fenced backyard — a perfect space for play, pets, or outdoor entertaining. Overlooking it all is a maintenance-free deck with an awning, ideal for relaxing in the shade or dining al fresco. One of the standout features is the oversized detached garage, complete with 60-amp electric service and plumbing — perfect for car enthusiasts, hobbyists, or workshop space. Located just minutes from Fort Meade, NASA, BWI Airport, and the MARC Train, this commuter-friendly location offers unmatched convenience. Whether you're heading to D.C., Baltimore, or Annapolis, your ideal launch point is right here! This home is perfect for anyone looking for a turn-key lifestyle in a well-maintained and welcoming community. Come see it today and fall in love! ***BONUS: Assumable VA loan rate of 2.75% for qualified Buyers****
Source: BRIGHT #MDAA2109228
Source: BRIGHT #MDAA2109228
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.
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.
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 620, 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 and Equal Opportunity Act.