7981 Alchemy Way, Elkridge, MD 21075
4 beds · 4 baths · 2,271 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to 7981 Alchemy Way! This stunning 3level townhouse built in 2017 offers modern luxury and comfort located in Blue Stream Neighborhood. This home offers spacious 4bedrooms, 3 full bathrooms and a main level powder room, this fully upgraded home; New Paint, Newer LVP floorings, NO CARPET in this home. The entry level offers a versatile living space that is currently set as a home office, it is also perfect for 4th bedroom with 3rd full bathroom and access to the garage. Ascending to the second level, the abundance living space cannot be beat including a dining space, with separate a living room that leads to the maintenance free deck all separated by a center loaded kitchen. Featuring an oversized kitchen island, beautiful cabinetry, granite counters and ample cabinet space for all your culinary needs. Whether you’re hosting intimate dinner parties or preparing meals, this kitchen is perfect for all skill levels. Retreating upstairs, the luxurious primary suite is completed with a spacious walk-in closet and ensuite bathroom featuring upgraded dual vanities and an oversized tiled shower. The two other bedrooms on this level offer generous closet space, which also share hall bathroom. Laundry on the bedroom level makes life easier with the front-loading washer and dryer. This beautiful home is conveniently located with easy access to shopping, dining, parks, and commuter routes. With modern amenities and designs, this is the ultimate place to call home.
Source: BRIGHT #MDHW2049008
Source: BRIGHT #MDHW2049008
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.