808 Central Ave, Brunswick, MD 21716
6 beds · 7 baths · 5,232 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**Assumable FHA loan at 2.625%** Welcome to an exceptional single-family home in the heart of Brunswick Crossing! This stunning residence boasts 6 bedrooms, 6.5 bathrooms, and a 3-car garage spread over four finished levels, providing ample space and luxury for your family. Step inside to find a beautifully designed main level featuring a spacious bedroom with a private full bath. The gourmet kitchen is a chef’s delight, equipped with stainless steel appliances, granite countertops, and a large center island with a breakfast bar. Adjacent is the charming breakfast room with vaulted ceilings, perfect for your morning coffee. Entertain guests in the formal dining room or relax by the fireplace in the cozy family room. The first upper level is dedicated to comfort and elegance, housing the luxurious primary suite complete with two walk-in closets and an attached bathroom featuring a double vanity and large stall shower with bench seating. This level also includes a junior suite with a private bathroom, two additional bedrooms, a loft, a laundry room, and another full bathroom. The second upper level offers an additional bedroom and full bathroom and an additional loft providing privacy and comfort for guests or family members. The lower level is an entertainer’s dream, featuring a game room, media room, another bedroom, and a full bathroom. This space is perfect for hosting gatherings or enjoying family movie nights. Living in Brunswick Crossing means more than just a beautiful home; it’s a lifestyle. The community offers an array of amenities designed to enhance your everyday life, including a community center with meeting rooms, a game room, a prep kitchen, and lounge areas. The fitness facilities are top-notch, featuring a well-equipped fitness center and a yoga studio. For swimming, there is a 25-meter pool, a kiddie pool, and a splash zone. The community boasts over 26 miles of walking and biking trails. Sports enthusiasts will love the tennis courts, basketball courts, and athletic fields for soccer and baseball. Parks and playgrounds provide areas for children and families to gather, and there is a dog park with separate areas for small and large dogs. Additionally, the community garden allows residents to grow their own plants and vegetables. Brunswick Marketplace, including Weis Markets, offers convenient access to groceries and other essentials.
Source: BRIGHT #MDFR2061566
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDFR2061566
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.