3010 Orlando Ave, Parkville, MD 21234
3 beds · 2 baths · 1,908 sqft
Welcome to 3010 Orlando, a beautifully renovated Craftsman-style home that perfectly blends charm and modern convenience. This inviting porch-front residence features three spacious bedrooms and one-and-a-half baths, offering ample space and comfort for you and your family. As you approach, you'll appreciate the classic architectural details of the front porch, ideal for relaxing and enjoying the neighborhood. Step inside to discover an open, spacious, and bright living environment. The main level boasts a large living room enhanced by a tray ceiling and an electric fireplace, complemented by luxury vinyl plank flooring. The open design seamlessly connects the living, dining, and kitchen areas, creating an airy and welcoming atmosphere. Insurance claim for water mitigation in the basement - currently being resolved with insurance company - repair estimate in disclosures The modern kitchen is a highlight, featuring stunning quartz countertops and stainless steel appliances that blend both elegance and functionality. From the kitchen, you can walk out to a rear deck that overlooks a huge backyard, perfect for outdoor gatherings. The detached garage and additional parking space ensure ample room for vehicles and guests. Upstairs, you'll find three spacious bedrooms, each equipped with overhead fans and lighting, and a recently renovated full bath with newer carpet throughout. The lower level of the home is a massive, carpeted area that offers plenty of storage, laundry Room and versatile space for a home office, entertainment room, or guest suite. With its great location near shopping, restaurants, and major highways (695/95), this home provides convenience and accessibility to everything you need. Don’t miss out on this opportunity—schedule your tour today and experience the perfect blend of classic charm, modern amenities, and a bright, open living space at 3010 Orlando! Don't miss this amazing opportunity to own this charming craftsman home, schedule your showing TODAY!
Source: BRIGHT #MDBA2134376
Financials
Source: Public records
Source: BRIGHT #MDBA2134376
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.