Modern Comfort Meets Ultimate Convenience Welcome to 4717 Wainwright Circle, a stunning residence nestled in one of Owings Mills' most sought-after communities. This home perfectly balances quiet, manicured surroundings with the vibrant lifestyle you deserve. Step inside to find a home that feels fresh and move-in ready. The heart of the home has been thoughtfully updated to provide a seamless living experience: Chef’s Dream Kitchen: Featuring a brand-new stove and dishwasher, complemented by sleek updates that make meal prep a delight. Refreshed Bathrooms: Enjoy modern aesthetics and updated fixtures that create a spa-like atmosphere for your daily routine. Light-Filled Spaces: Open layouts and large windows highlight the meticulous care given to this property. Life in Owings Mills Location is everything, and 4717 Wainwright Circle puts you exactly where you want to be: Commuter’s Paradise: Located just minutes from the I-695 Beltway and I-795, making your commute to Baltimore or surrounding areas a breeze. Retail & Dining: You’re a stone’s throw away from the upscale shopping and diverse dining options at Mill Station and Foundry Row. Whether you need a quick Wegmans run or a sit-down dinner, it’s all right there. Beautiful Community: Enjoy strolls through a neighborhood known for its lush greenery, professional landscaping, and peaceful ambiance. Take time in the summer to visit the community pool and relax in the water. If you are looking for a turn-key home that pairs modern interior upgrades with an unbeatable location, your search ends here.
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.
