492 Bruce Ave, Odenton, MD 21113
2 beds · 2 baths · 950 sqft
***If you use our local Lender, we are offering a lender paid one year buy down! Ask us for the details!*** BIG price reduction! Bring your offers! *Completely Remodeled Home in Odenton – Move-In Ready!* This beautifully renovated home in the heart of Odenton is a must-see! Thoughtfully upgraded from top to bottom, it combines modern convenience with exceptional craftsmanship. *Key Features* Fully Remodeled Interior: New laminate flooring with 80% of the subfloor replaced. Joists reinforced with treated 2x6 beams for added support. Fresh drywall, insulation, and paint throughout the home. Stylish new trim and smoke detectors installed for safety and style. Electrical Upgrades: New wiring throughout the entire house. Updated fuses and new outlets with modern covers. Bright lighting in every room for a welcoming ambiance. Plumbing Overhaul: All-new plumbing, from the main line under the house to every faucet. Convenient water and gas shut-offs added inside the home. Brand new water heater *Luxurious Bathrooms* Master Bathroom: New framing, toilet, and shut-offs for all faucets and toilets. Luxurious tub and shower kit featuring a waterfall showerhead. Modern tile in the shower, updated vents and motor, sleek vanity, sink, mirrors, and lighting for a spa-like retreat. Second Bathroom: Fully remodeled with new fixtures, tile, and updated plumbing, creating a cohesive and modern design. Upgraded Kitchen: Completely redesigned with: Brand-new countertops, sink, and cabinets. New stainless steel refrigerator, microwave, stove, dishwasher, and garbage disposal. Updated faucet and shut-offs for added convenience. Convenient Laundry: Equipped with brand-new washer and dryer for hassle-free living. Roof & Structure Improvements: Roof resealed for added durability. Modern Hardware: Brand-new doors and stylish door knobs to complete the refreshed look. 📍 Location: Conveniently located in Odenton, near schools, parks, shopping, and commuter routes. Don’t miss the chance to own this stunning, fully renovated property! 📅 Schedule your private showing today!
Source: BRIGHT #MDAA2100964
Source: BRIGHT #MDAA2100964
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.