602 Stewart Ave, Glen Burnie, MD 21061
3 beds · 2 baths · sqft
Get a free consultation call with an expert in the mortgage assumption process.
DISCOVER YOUR DREAM HOME IN GLEN BURNIE! THIS SPACIOUS BUNGALOW IS MORE THAN MEETS THE EYE, NESTLED IN A FANTASTIC COMMUNITY CLOSE TO SHOPPING CENTERS, POPULAR RESTAURANTS, AND WALKING DISTANCE TO SCHOOLS! ENJOY A FINISHED BASEMENT, EXTRA-LARGE CORNER LOT, AND PLENTY OF OFF-STREET PARKING. PERFECT FOR FIRST-TIME BUYERS OR SAVVY INVESTORS. MOTIVATED SELLERS ARE READY TO HEAR YOUR OFFERS. SPECIAL FINANCING AVAILABLE - BUY THIS AWESOME HOME AND RECEIVE A $9,800 FULLY FORGIVABLE GRANT TOWARD YOUR DOWN PAYMENT WITH A MORTGAGE RATE UNDER 4.5% AND LESS THAN $2,000 PER MONTH OR TRADE! 100% FINANCING ALSO AVAILABLE FOR FHA-QUALIFIED BUYERS WITH NO OUT-OF-POCKET MONEY REQUIRED. PERFECT MOVE-IN CONDITION AND READY FOR YOU! CENTRALLY LOCATED NEAR BALTIMORE, ANNAPOLIS, WASHINGTON DC, AND BWI AIRPORT, THIS CHARMING SINGLE-LEVEL FAMILY HOME OFFERS CONVENIENCE LIKE NO OTHER. WEEKEND ACTIVITIES ARE IN NO SHORT SUPPLY WITH THE ARUNDEL GOLF PARK AND NEARBY NORTH ARUNDEL AQUATIC CENTER WHICH OFFERS ACTIVITIES FOR ALL AGES AS WELL AS A WATER PARK AND SPECIAL OUTDOOR WINTER ACTIVITIES. A SHORT DRIVE AWAY IS THE WELL-KNOWN ARUNDEL MILLS SHOPPING COMPLEX OFFERING A WIDE VARIETY OF POPULAR SHOPPING OPTIONS ALONG WITH A CASINO AND HOTEL. THE HOME IS SURROUNDED BY SAFE SIDEWALKS FOR WALKING THE FAMILY PET OR FOR THOSE ALL-IMPORTANT WORKOUTS TO STAY IN SHAPE. FEATURES INCLUDE GOOD-SIZED BEDROOMS, UPDATED KITCHEN WITH AMPLE CABINETRY, AND A CHARMING YARD COMPLETE WITH A GAZEBO — YOUR PERFECT RETREAT FOR ENTERTAINING AND FAMILY COOKOUTS. BASEMENT IS FINISHED AND IS READY FOR YOUR PERSONAL TOUCH. THIS VERSATILE SPACE CAN BE TRANSFORMED INTO A COZY RETREAT, ENTERTAINMENT AREA, OR HOME OFFICE WITH ITS OWN PRIVATE BATH. LOOKING FOR WEEKEND FUN? EXPLORE THE BEAUTY OF THE LOCAL PARKS. FROM THE TOT LOTS AND TRAILS OF FRIENDSHIP PARK TO THE VIBRANT SPACES AT QUEENSTOWN PARK, AND THE DYNAMIC SAWMILL CREEK PARK WITH ITS SKATEPARK, SPORTS FIELDS, PICNIC AREAS, AND FISHING SPOTS. COME TAKE A LOOK AND ENVISION THE POTENTIAL WAITING FOR YOU.
Source: BRIGHT #MDAA2102268
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDAA2102268
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.