3713 Woodlea Ave, Baltimore, MD 21206
4 beds · 3 baths · 1,853 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your next home sweet home, where modern amenities meet classically appealing design in a vibrant community setting. This stunning house boasts 2,255 square feet of beautifully appointed living space, ready to charm you at every turn. From the moment you step inside, the warmth of hardwood floors on the main level invites you to explore further. The kitchen, a masterpiece of convenience and style, features sleek granite countertops perfectly complemented by high-quality ceramic tile flooring that you'll find consistent through each of the three elegantly updated bathrooms. This home isn’t just pretty surfaces though—it’s practical too, with a fully finished basement adding substantial comfortable living space. Featuring Luxury Vinyl Tile flooring, the basement is an ideal retreat for entertainment or tranquility, depending on the day’s mood! With four spacious bedrooms, including a serene primary bedroom, rest and relaxation have never felt so chic. Each room offers ample natural light and plush carpeting, ensuring a cozy vibe and peaceful nights. Outside, discover more than just the interior allure. You'll spend countless hours entertaining or unwinding in the substantial outdoor space, which provides an idyllic backdrop for both quiet morning coffees and lively weekend barbecues. Adding to the convenience, this home includes a two-space parking pad located at the back, ensuring that your vehicles are tucked away securely and neatly. Located within a short drive to essential services, this property keeps you connected while offering a peaceful residential setting. Enjoy easy access to Mergenthaler High School, offering proximity to educational amenities. For the shoppers and planners, ALDI on Frankford Avenue is a quick drive away, making grocery runs an absolute breeze. Looking for connectivity? The bus station at BELAIR RD & OVERLEA AVE ensures you’re well-linked to wherever you wish to go without the hassle. And when the need for nature strikes, Herring Run Park is just a jaunt away for some green therapy. Whether it's the exquisitely crafted interiors, the abundant outdoor possibilities, or the prime location close to local amenities, this home is a place where memories wait to be made. Enter a living area that's not just built with quality but with heart – because after all, isn't that what a true home is all about? Join us, and find not just your new house, but your new beginning.
Source: BRIGHT #MDBA2161724
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDBA2161724
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 and Equal Opportunity Act.