1509 Bromfield Way, Annapolis, MD 21409
5 beds · 4 baths · 4,276 sqft
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Open House Sat April 26th 11-1PM! Absolutely beautiful colonial style home on the Broadneck peninsula! Located in quiet neighborhood Colonial Manor, this home is located in a small, private cul da sac backing up to woods to provide the perfect privacy especially in spring/summer with full bloom. Offering over 4,000 finished square feet inside, come fall in love with this floor plan. This home boast tall ceilings throughout making the whole house feel airy and bright. As you enter into the 2 level foyer, the space separates into an office or library with gorgeous built in shelving and the dining room on the other side flowing into the open concept kitchen and living room in the rear of the home. The living room is flooded with natural light and a huge space centered by milk-painted fireplace and custom built in shelving. The gourmet kitchen has an oversized island, top of the line appliances, and beautiful cabinetry. Behind kitchen is a main level bedroom with full bathroom - this space could also be used as an office, playroom, or however you imagine it! The upstairs offers 4 bedrooms - with the primary bedroom being an a show stopper. Not only is the room massive, the bonus room off the side offers additional living space, additional storage closet, and a laundry room. Yes you read that right, a laundry ROOM off the primary bedroom upstairs. The primary bedroom also has a remodeled full bathrooms w/ stand up shower and separate soaking tub, double sink oversized vanity and toilet closet. There are 3 more additional secondary great sized bedrooms sharing a hallway full bathroom. The basement offer even more finished space and remodeled, enlarged bathroom. The basement space could be perfect for Au Pair or In-Law Suite w/ walk out level to exterior. There is an additional unfinished storage room and exercise room. Seller will be leaving some gym equipment. Did I even mention there is an attached 2 car garage and driveway enough for multiple cars? The exterior is complete with a A+ oversized deck overlooking the private lot and paver patio off the side of the deck. Recent seller improvements include completely renovated primary bathroom, main level bathroom, and basement bathroom, replaced primary bedroom and primary bedroom sitting area with hardwood flooring, replaced flooring in the basement to LVP, and much more. Be sure to check list of all seller improvements in document section. Districted to top rated Broadneck School District. Property has a VA assumable loan of 2.5% interest rate - talk to listing agent for more details!
Source: BRIGHT #MDAA2109838
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDAA2109838
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.
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 of Equal Opportunity Act.