2407 Sycamore Ln, Edgewood, MD 21040
4 beds · 2 baths · 1,683 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Is location important? Nestled in the tranquil neighborhood of Edgewood Meadows, this beautifully maintained split-foyer home sits gracefully off the road, offering a lush front lawn adorned with vibrant garden beds. A welcoming covered front porch invites you inside, where warmth and comfort await. Upstairs, the main living area showcases hardwood floors that flow throughout the living room, dining area, and three spacious bedrooms. Double picture window in the living room fills the space with natural light, creating a bright and airy ambiance. The open-concept kitchen and dining area are perfect for entertaining, featuring a large peninsula, elegant Gull Wing Gray shaker cabinets, and a sleek stainless steel appliance package. Just off the kitchen you can expand the entertaining or easily access the grill on your deck overlooking the fenced back yard. The lower level offers even more room to spread out, boasting a generous family room, an additional rec room, and a fourth bedroom—ideal for guests or a home office. A full bath and dedicated laundry area add convenience to this functional and versatile space. Situated approximately 20 miles northeast of Baltimore, Edgewood offers residents convenient access to major transportation routes, including Route 40 and I-95. The Edgewood MARC Train Station is 5 Minutes away and provides additional commuting options, making travel to Baltimore, D.C. and surrounding areas straightforward and efficient. With its thoughtful design, charming curb appeal, proximity to modern amenities, and convenient travel options, this home is a must-see! Schedule your showing today and experience the rich heritage and vibrant community of Edgewood Meadows for yourself.
Source: BRIGHT #MDHR2041376
Source: BRIGHT #MDHR2041376
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.