3 Greenknoll Blvd, Hanover, MD 21076
3 beds · 3 baths · 1,526 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Make this corner lot home with a charming front porch yours - just in time to enjoy the incoming warm weather! 3 bedrooms, 2.5 bathrooms, one car garage, updated kitchen, refinished hardwood flooring & new luxury vinyl plank flooring on the main level are just some of the great attributes of this home! The main level boasts a traditional layout with living room, dining room, kitchen, breakfast room and half bathroom. The hardwood flooring has been refinished in the living room & dining room. The kitchen was just renovated this year with new appliances (2 year warranty included), new light fixtures and luxury vinyl plank flooring. The kitchen also features a pantry closet for added storage space and granite countertops! Upstairs are the 3 sleeping rooms - one being the spacious primary bedroom with ensuite bathroom & two closets. A full bathroom with a tub shower finishes off the upper level. The unfinished lower level provides additional storage for the home and the laundry room. One year home warranty provided to the Buyer! Other improvements include: 2025 – interior paint throughout entire home, 2025 – toilets in all 3 bathrooms, 2025 - smoke detectors & 2025 – new flooring in all 3 bathrooms. Roof is approximately 10 years old. Minutes from Arundel Mills shopping, dining & entertainment. Catch a live performance or press your luck at Maryland Live! Casino Hotel. You don’t want to miss this one! Book your showing today!
Source: BRIGHT #MDAA2109046
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDAA2109046
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.