8540 Marybeth Way, Ellicott City, MD 21043
3 beds · 2 baths · 1,910 sqft
Get a free consultation call with an expert in the mortgage assumption process.
ASSUMPTION POSSIBLE TO ACTIVE DUTY VETERANS. After a long day of working hard, you should be able to go “home”… a place of relaxation, convenience, and peace of mind. Welcome to 8540 Marybeth Way, a beautifully maintained and thoughtfully updated home nestled in a desirable, mature Ellicott City neighborhood. Upstairs, you will you find three newly-painted bedrooms and a recently updated bath. The living room’s large beautiful windows with built-in blinds provide lots of natural light. Cooking and entertaining are easy in this home. The living room, dining room peninsula and kitchen flow into each other allowing the cook to be a part of the fun. That doesn’t mean that you’ll be at a loss for storage, though. The peninsula has storage and the kitchen cabinetry ensures space isn’t wasted by including lazy Susans in the corners and large soft-close drawers. Off of the kitchen, you will find a mud-room that’s perfect for storing coats, shoes and other supplies that you may need to grab before heading to your one-car garage or back deck. The garage is large enough to store your vehicle, tools, bikes, scooters, and even a riding mower. The back deck is perfect for people to relax as they watch their kids run and play in the large yard and on the half-court basketball court. This home’s unique features don’t stop on the first floor. Want more space to hang out? Head downstairs to the basement. In addition to an office, there’s a large finished recreation room that’s big enough to set up two separate living spaces. The downstairs has a separate shower and jetted tub that are great for relaxing after a long day of work or play. Although unfinished, the laundry room is an asset that provides a large washer and dryer, a utility sink for larger cleaning jobs, and storage space for all of your needs. Don’t let this 1957 house fool you into thinking that it will need a lot of repairs. Within the past five years, the homeowners have updated it with a new roof, HVAC, 80-gallon power vent water heater, storm doors, 14-16 inches of attic insulation, and other energy efficient upgrades recommended by the utility company. For further peace of mind, there’s a transferable "Select Home Warranty Platinum Coverage Plan" valid through September 2028. The perks don’t end once you leave the property. This home also has the benefits of location, location, location! Located in a highly-ranked school district, this home is an easy drive to multiple grocery stores, restaurants, playgrounds, medical facilities, and shopping. This isn’t a house. It’s a home. Don’t miss out!
Source: BRIGHT #MDHW2052150
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDHW2052150
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.