7802 Sunhaven Way, Severn, MD 21144
3 beds · 4 baths · 2,504 sqft
Get a free consultation call with an expert in the mortgage assumption process.
The Open house has been canceled for today....Multiple offers have been received and the Sellers are reviewing the offers. Gorgeous end-unit townhome in the sought after neighborhood of Boyer's Ridge. The community amenities include outdoor pool, clubhouse and playground. The kitchen is perfect for entertaining with large island, extra counter space, room for table and sitting area In front of a welcoming gas fireplace; complete with mantle and windows on either side. Living/Dining Room is spacious and offers tons of natural light. There is a Half Bath on this level as well. Upstairs features an oversized Primary Bedroom with vaulted ceiling, 2 walk-in closets and is complete with Primary Bathroom that features double sinks, soaking tub, shower and separate water closet. The two additional upstairs bedrooms share a full bath with dual sinks . Laundry is conveniently located on the top level as well. The lower level is an open floor plan which offers a half bath and has a sliding glass door that leads to a patio. Outside you will find more privacy than most since it backs to trees and is at the end of the no thru street. Deck was rebuilt in 2021 with maintenance free materials and has a built-in stand up bar, The Main level LVP flooring replaced in 2022, wall to wall carpeting on upper and lower levels was also completed in 2022. Dual walk-in closets in Primary Bedroom include custom ELFA closet system. Perfect location for commuting; with easy access to Fort Meade, BWI and commuting access to Baltimore, DC and Annapolis.
Source: BRIGHT #MDAA2112492
Source: BRIGHT #MDAA2112492
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.