1608 Coolidge Ave, Severn, MD 21144
3 beds · 3 baths · 2,600 sqft
**OPEN HOUSE: Saturday, 4/5/2025 11 AM-1 PM and Sunday, 4/6/2025 1-3PM** Welcome home to this beautiful 3-story colonial featuring 3 bedrooms, 2.5 baths, and approximately 2,400 square feet of finished living space, right in the heart of Severn! An inviting and open floor plan welcomes you from the moment you step inside! The main level features a spacious living room with a gorgeous fireplace centerpiece, seamlessly flowing into the dining area and a beautifully updated kitchen. Granite countertops, white cabinetry, subway tile backsplash, an island, and an oversized pantry make this kitchen the perfect gathering space. Just off the kitchen, a versatile bonus area offers many possibilities—whether as a sitting room, playroom, or home office! Upstairs, retreat to the extra-large primary suite, complete with a huge walk-in closet and an updated en-suite bath. Three generously sized bedrooms, an additional full bath, and a convenient second-floor laundry room complete the upper level. The finished basement provides even more flexible living space—ideal for an additional family room, home theater, gym, or playroom. Plus, it's already prepped for a bathroom installation! Step outside to enjoy the brand-new composite deck ($20,000 upgrade!) overlooking the fully fenced backyard—perfect for outdoor entertaining for the summer! Additional major updates include: New Roof (2024) - $20,000, New HVAC (2024) - $18,000, New Deck (2024) - $20,000, Hot Water Heater (2018). Zoned to Ridgeway Elementary, Old Mill Middle North, and the NEW Severn Run High School!!! Located just 5 miles from Fort Meade, 25 minutes to Baltimore, and less than an hour to DC, this home offers both convenience and comfort in a prime location! Come tour this beautiful home today! **ASSUMABLE VA LOAN 3%!***
Source: BRIGHT #MDAA2108480
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDAA2108480
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.