Move-in ready!!! An exceptionally rare, custom-crafted home located on a corner lot in the heart of historic Olde Glen Burnie. 4 Bedrooms, 3.5 Baths with loft, four levels total. Thoughtfully reimagined with high-end finishes and timeless design, this home showcases true pride of craftsmanship at every turn. Stunning front covered porch, a striking grand entryway with built-in bench sets the tone, leading into a sun-filled open layout featuring hardwood flooring installed on a distinctive 45-degree angle, adds a unique touch, and the layout flows easily between the living room, separate dining area, and a flexible office or bonus space with French doors. The kitchen is both stunning and functional, complete with quartz countertops/high-backs, 42” soft-close cabinetry, range hood, brand new stainless steel appliances, prep station kitchen sink, and a thoughtfully added breakfast nook. Every detail has been considered—from the central laundry with brand-new washer and dryer to the dual-zoned HVAC systems and instant hot water. Private owner’s suite addition, complete with a fireplace, two closets with interior lighting, and master suite with large-format tile. Upstairs, you’ll find three spacious bedrooms, all with brand new carpet, a full bath with double vanity, and a finished loft that adds even more usable space. The finished basement features a potential in-law suite or studio with its own entrance, kitchenette with matching finishes, full bath with a custom walk-in shower, and an additional washer/dryer hookup. Fenced in backyard and an impressive detached two-car garage with electric and multiple access points. Brand-new architectural roof, new gutters, no HOA or front foot fees, this home delivers. Perfectly positioned in Glen Burnie’s true historic core, this location offers unmatched convenience—just minutes to Ritchie Highway, Crain Highway, BWI Airport, and easy access to Baltimore, Annapolis, and Washington, D.C. Homes of this size and finish are rarely available. A one-of-a-kind opportunity where custom design, modern comfort, and prime location come together seamlessly. Schedule a private showing today!!! Expected date to market is May 3rd!!!
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
