Welcome to 2 Autumn Woods Drive! This custom built house has TWO PRIMARY, ENSUITE BEDROOMS! It is located in the desirable neighborhood of Autumn Woods. Approach the front door by the beautifully landscaped sidewalk and up the steps to the front porch. Enter the front door into the center hall and you will notice the hardwood floors through out most of the first floor and the stairs going to the second floor. To your left, through the double doors is a living room/library/office offering privacy and solitude from the rest of the house. To the right of the front door is the formal dining room. Off of the center hall is a powder bathroom and a coat closet. The stairway has custom millwork for a touch of class. Continue on to the eat in kitchen that includes a generous pantry, a newer Bosch dishwasher, solid wood cabinets, Stile Stone countertops, and tile backsplash. In the kitchen has a slider to a screened in back porch and a portion of the back yard is fenced with vinyl fencing to keep your canine friends or small children contained. The family room is large, light filled and has a propane fireplace for cozy winter days. Off the kitchen is a hallway to the garage and laundry room with newer washer and dryer. Just off that hallway is the first floor primary suite, with new carpet, a very large walk in closet, and a primary bathroom with double sinks, plenty of storage cabinets and a shower. The second floor includes a second ensuite, primary bedroom with a large walk in closet. The third bedroom is ample sized and has an oversized closet and the fourth bedroom has a large closet as well. A linen closet is located in the hallway and the hall bathroom includes a linen, towel closet as well. Continuing to the basement level you will find a partially finished basement with new carpet. This area could be a second family room, game room, man cave, play room, or a gym, and includes a walkout sliding door into the side yard. You will find a full bathroom on this level as well. In the unfinished basement you will find plenty of room for storage, an on demand, tankless water heater, an alarm system, and a propane heater. The propane heater was installed in 2019 and comes with a ten year, transferable warranty. The AC unit was replaced in 2018 and comes with a transferrable warranty as well. This home comes with a whole house Smart Generator, a two car garage and a larger storage shed. The second floor primary bedroom has a mini split added for additional AC on hot summer days. Both lots on either side of this home cannot be built on so the property feels much bigger than it is. Close by to shopping, restaurants, marinas, and major thorough fares like Route 40 and I95 make for an easy commute to Baltimore, or areas north like Wilmington or Philadelphia. The Marc train stations located in Perryville, MD for an easy commute to Baltimore or Washington DC by train. This neighborhood also has sidewalks and streetlights making it an easy place to walk. New paint in a neutral and tasteful color makes this home move in ready. Don't miss this home is has so much to offer!
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.
