3502 Wabash Ave, Baltimore, MD 21215
3 beds · 3 baths · 2,218 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Back on the Market and Appraised Above List Price (Original buyer unable to proceed with purchase.) Waiting for you to make it your own, 3502 Wabash is perfectly priced for you to personalize while still retaining equity in a historic neighborhood! Step into this beautiful English Cottage style historic home, where timeless character meets comfortable living. Nestled on a tree-lined street, this charming residence sits gracefully back from the road, offering both privacy and curb appeal. Its original slate roof and stone-edged front yard set the stage for a home filled with warmth and authenticity. Inside, the entryway welcomes you with a stunning original staircase featuring curved baluster and beautiful parquet floors. The spacious living room is a sizable retreat with an original fireplace surround, and several arched doorways, while the adjacent sitting room provides an inviting and cozy nook for reading or relaxation. The large dining room, with its beautiful inlaid wood floor, is perfect for gatherings and features historic windows. With it's own antique window and original storm door, the kitchen blends modern convenience with classic charm, featuring stainless steel appliances and modern cabinetry. Just off of the kitchen is added space with endless potential as a pantry or breakfast room. A lovely stone-edged porch invites you to enjoy morning coffee or evening breezes in privacy. The first floor also includes a powder room and a generously sized coat closet for added convenience, as well as a nostalgic telephone nook that showcases the historical appeal of the interior. Throughout the home, inlaid wood floors, deep baseboards, and beautifully crafted radiator covers showcase its historic character. Abundant windows bathe the home in natural light, enhancing its warm and inviting atmosphere. Solid wood doors throughout the home feature their original hardware, another aspect of this residence that begs to be adored. Upstairs, three spacious bedrooms reflect the home’s original charm, while the full bathroom boasts vintage details, including an original built-in linen closet. The finished basement is accented with beautiful stone walls and includes a laundry room, a full bathroom and second fireplace. The main area of the basement is a space perfect for recreation, relaxation or entertaining. Additionally, there is an extra room in the basement that could easily serve as a 4th bedroom or home office. The house has a convenient side entrance to access the main floor or the basement area. Outside, a separate two-car garage complements the property, adding both functionality and charm. This remarkable home, listed in a historic community, is a rare find—offering a perfect blend of preserved elegance and modern comfort in a truly special setting.
Source: BRIGHT #MDBA2157714
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDBA2157714
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.