7009 Deepage Dr, Columbia, MD 21045
3 beds · 3 baths · 1,450 sqft
Nestled in the sought-after Village of Owen Brown, this rarely available 3-bed, 2.5-bath split-level home sits on a spacious 0.32 acre lot, surrounded by mature trees for a serene setting. Step inside to discover gleaming wood flooring and abundant natural light throughout the main level. Thoughtfully updated in 2023, the kitchen was opened up to create a seamless flow into the adjacent dining area and expansive living room, ideal for hosting family and friends. It features refinished cabinets, sleek granite countertops, black appliances, new garbage disposal (2023), and a convenient breakfast bar for casual dining. Upstairs, hardwood floors continue throughout the bedroom level. The owner’s suite offers ample closet space and an updated en-suite bath featuring a contemporary vanity and a custom-tiled walk-in shower. Two additional spacious bedrooms and a beautifully renovated shared bath with tub/shower combo complete this level. The lower level offers a versatile rec space with updated flooring, ideal for a cozy family room to enjoy a movie night, in-home office, kid’s play area, or a guest bedroom. This level also includes an added half bath with utility sink, spacious laundry room, and convenient access to the garage. Designed for outdoor enjoyment, the stunning backyard is an entertainer’s dream. Relax on the brand-new deck (2023), gather around the pebbled fire pit, or take advantage of the fully fenced yard with storage shed, perfect for kids and pets to play. An attached garage and extended driveway offer ample private parking for up to 4 cars. Additional updates include a new roof (2020), water heater (2020), furnace (2017), and A/C (2017). Residents enjoy a low HOA fee that grants discounts on Columbia Association amenities, including pools and gyms. Ideally located near Lake Elkhorn Park, offering a tot lot and scenic walking trails along the lake, as well as nearby sports fields, a community pool, and a variety of shopping and dining options, including Giant, Wegmans, and Starbucks. Don’t miss this!
Source: BRIGHT #MDHW2049944
Source: BRIGHT #MDHW2049944
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.