8100 Solley Rd, Pasadena, MD 21122
4 beds · 3 baths · 2,396 sqft
Welcome to your dream home! This charming 4-bedroom, 3-bathroom split foyer combines modern updates, spacious living, and thoughtful features, making it the perfect retreat for anyone. Step inside to be greeted by 12’ vaulted ceilings in the living room, kitchen, and owner’s suite, which, along with skylights, fill the home with an abundance of natural light and a grand, open feel. Freshly updated in November 2024, the home features new flooring throughout the main areas, new carpet in all bedrooms, and freshly painted for a polished and move-in-ready finish. The upper level boasts a living room, dining area, and kitchen, along with three bedrooms, including the luxurious owner’s suite. The suite offers a private sanctuary with a spacious bathroom, complete with dual sinks, a separate shower, and a relaxing soaking tub. Step out onto the deck off the kitchen to enjoy views of the large, level backyard—ideal for entertaining, gardening, or play. The lower level provides incredible versatility with a recreation room, fourth bedroom, full bathroom, and laundry room. The walkout porch opens to the fully fenced backyard, complete with a fire pit and storage shed—perfect for cozy evenings under the stars. The converted garage is now a fully insulated bonus room equipped with heating and air conditioning, offering an ideal space for a home office, gym, or creative studio. Stay comfortable year-round with central air conditioning and enjoy cozy evenings by the two fireplaces, one on each level. This home has been professionally cleaned and is ready for its next chapter with you. Schedule your private tour today and explore the beauty, comfort, and endless possibilities this home has to offer! Please schedule all showings online via Showing Time. Offers will be presented as they come in. AT SELLER'S DISCRETION, AN OFFER MAY BE ACCEPTED AT ANY TIME.
Source: BRIGHT #MDAA2105898
Financials
Source: Public records
Source: BRIGHT #MDAA2105898
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.