504 Morvich Way, Havre De Grace, MD 21078
4 beds · 3 baths · 3,095 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 504 Morvich Way, a spacious rancher with a truly functional floorplan. This home is situated on a very quiet cul-de-sac in the sought-after gated Bulle Rock Community, where life imitates vacation. Step inside from the covered front porch to find a welcoming foyer with beautiful hardwood floors and nine-foot ceilings. A study or playroom sits off of the main foyer/entrance and there is a beautiful view of the woods from this room. Follow the foyer to the kitchen that is sure to impress with its expansive island, double sink and stainless steel appliances. The dining area is open to the family room which leads to the covered rear porch and enclosed courtyard. The back yard courtyard is a true oasis. The primary bedroom is expansive and a luxury primary bath attached. There are two additional bedrooms along with another impressive full bathroom on the main level. The laundry has extra cabinetry with hookups for a washer and dryer and features a utility sink. The lower level provides plenty of extra living space with a huge rec room; a room that could be an office, study or playroom; full bathroom; walk out stairs and storage area. The entire first level has been painted prior to going on the market. Enjoy all the community offers by visiting the 37,000 square foot residents club with a full gym, billiards room, tennis courts, indoor and outdoor pools, bocce ball, walking trails, playgrounds and more! You have access to the prestigious 5-star golf course, world-class restaurant and clubhouse. The home is also close to I-95, Route 40, APG, MARC & AMTRAK trains, the new memorial hospital, shopping, dining, and historic Havre de Grace
Source: BRIGHT #MDHR2040866
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDHR2040866
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.