6011 Bauman Dr, Elkridge, MD 21075
4 beds · 3 baths · 1,840 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This spacious split-level home offers a fantastic layout, a huge backyard, and tons of potential! The main level features a welcoming foyer and large living room with vaulted ceilings, a built-in propane fireplace and laminate wood flooring. Upstairs you will find the kitchen with a breakfast bar, plenty of cabinet space, & a pantry, a separate dining room with a slider leading out to the deck, as well as 3 bedrooms and 2 full bathrooms including the primary suite with an updated private ensuite! The fully finished walkout lower level is home to an enormous family room, the 4th bedroom, which can serve as a workout room/office/playroom/guest room/etc., a full bathroom, a laundry/storage room with tons of space, and a crawl space you can access through the 4th bedroom closet that extends the entire length/width of the living room! Step outside to the fully fenced backyard, with plenty of room for barbecues, a garden, or even a future pool! Whether you're hosting a summer party or enjoying a quiet evening under the stars, this yard has it all. Plus, NO HOA! Sold strictly AS IS this home needs some cosmetic updates and repairs but offers solid bones and is ready for your personal touch! Roof (2018) HWH (2024)
Source: BRIGHT #MDHW2052030
Source: BRIGHT #MDHW2052030
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.