2 Kentbury Ct, Owings Mills, MD 21117
4 beds · 4 baths · 3,120 sqft
Seller offering $7,500 Buyer Incentive for an accepted contract that closes no later then May 30th. BONUS... All Wall Mounted TV's included too! Welcome home to a majestic colonial, positioned beautifully on a lovely landscaped corner lot with tiered deck. From the moment you enter, you'll immediately experience the spaciousness and light that fills the two-story foyer. The first-floor study/office has French doors and is perfect for those working from home. Entertaining and holiday gatherings are a delight with the inviting circular flow throughout. Elegant formal living and dining rooms. The expansive gourmet kitchen is a chef's delight! Beautiful granite counters, mosaic backsplash, center island, stainless steel appliances, large pantry and rich wood 42" cabinetry. There's even a separate desk station for doing homework or surfing the web. The sunken family room is a great place to relax by the fireplace on chilly evenings. At the end of the day escape to your gorgeous owner's suite that boasts soaring ceilings and a spa-style bathroom where you can soak away the stress of the day. Watch your favorite sports team or snuggle-up for the latest movie in the finished lower-level, complete with game room area and full bath. Plus... a BONUS room that will make a great exercise room, craft room, or second home office. Whichever room you choose, you'll enjoy this home inside & outside! Includes EV - GM Electric Vehicle Charger. All located close to shopping and conveniences. Don't blink...This one will be gone!
Source: BRIGHT #MDBC2120304
Financials
Source: Public records
Source: BRIGHT #MDBC2120304
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.