399 Westbury Dr, Riva, MD 21140
3 beds · 3 baths · 2,680 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 399 Westbury Drive in sought after Annapolis Landing! This updated and well maintained 3 bedroom, 2.5 bath split level home is full of charm and updates. The main level of the home features a warm and inviting family room and dining room. The bright kitchen features all new stainless steel appliances, granite countertops and access to an oversized deck. On the other side of the main level are 2 bedrooms with new carpeting, an updated hall bath and a primary suite with ensuite bath. On the lower level of the home is a spacious rec room with new carpeting and new programmable pellet stove. A renovated half bath, laundry room and access to the 2-car garage are also on this level. So many updates in this home over the past three years- NEW windows and blinds throughout, a NEW HVAC system, retaining wall in yard, sod, and underground sprinkler system! Annapolis Landing offers multiple community activities and amenities including playgrounds, private waterfront park with a multi-purpose dock, boat ramp, and marina with slips on Beards Creek. Annual community events include: spring sock burning party, ice cream socials, Halloween parade, annual block party and more.
Source: BRIGHT #MDAA2107646
Source: BRIGHT #MDAA2107646
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.