1538 Crofton Pkwy, Crofton, MD 21114
4 beds · 3 baths · sqft
Multiple Offers Received - Contract Deadline is 5:00 PM 3/16. Nestled inside the sought-after Crofton Parkway, this stunning four-plus-bedroom home offers an impressive array of updates and modern conveniences. The open-concept main floor is designed for both comfort and entertaining, featuring matching hardwood floors throughout, a cozy wood-burning fireplace with a metal insert, and a sliding patio door leading to a spacious 22' x 32' stamped concrete patio and fenced rear yard—perfect for outdoor gatherings. A six-zone automatic sprinkler system keeps the beautifully landscaped yard lush. The kitchen is a chef’s dream, boasting granite countertops, updated KitchenAid stainless steel appliances, a gas range, a built-in wine refrigerator, and plantation shutters for a touch of elegance. Adjacent to the kitchen, a large walk-in pantry with a pocket door provides ample storage, while the nearby mudroom/laundry area features a stacked Maytag front-load washer and dryer and a sunlit window. All bathrooms have been remodeled, with two featuring tub/shower combos and another offering a walk-in shower with sleek tile flooring. Upstairs, the fully finished and remodeled space is a versatile retreat, offering two additional bedrooms, a flex space, built-in shelving and drawers, a cedar closet, and over 225 sq. ft. of hidden storage. Encapsulated/vapor-barrier insulated crawl space. Two dual Mitsubishi mini-split systems for heating and cooling guarantee comfort year-round. Additional upgrades include a drywalled two-car garage with dual openers, a new roof, siding, and windows (2013), and a Vivint smart security system—allowing remote access to the thermostat, door locks, garage doors, doorbell camera, and glass break sensors for peace of mind. This meticulously updated home seamlessly blends modern upgrades with timeless charm—don’t miss the opportunity to make it yours! The sellers would prefer an end of April closing and a rent-back to the end of June. This is preferred but not a deal-breaker.
Source: BRIGHT #MDAA2103454
Source: BRIGHT #MDAA2103454
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%. 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.
Other resourcesWhat 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.
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