Coming Soon in the sought-after New Town community of Owings Mills! Welcome to 10843 Will Painter Drive, a beautifully maintained 4-bedroom, 2.5-bath townhome offering multiple levels of comfortable living space, thoughtful updates, and a layout that works perfectly for everyday living and entertaining. From the moment you arrive, you will appreciate the attached garage, convenient driveway parking, and the well-cared-for feel throughout the home. The entry level features a spacious finished lower-level living area with luxury vinyl plank flooring, a beautiful gas fireplace, recessed lighting, laundry area, and included washer and dryer. This versatile space is perfect as a second family room, rec room, entertaining area, home office, or additional living space. You also have a walkout to the backyard, adding even more convenience and functionality. The main living level offers an open and inviting layout with tall ceilings, recessed lighting, and beautiful original hardwood floors throughout the kitchen and dining area. The updated kitchen features white granite countertops, a gas stovetop, an updated stainless steel refrigerator, a pantry, and a beautiful, ample amount of white cabinetry for storage. The breakfast bar provides seating for approximately three to four people, making it a perfect spot for casual dining or entertaining. The dining area flows nicely off the kitchen and offers direct access to the wood deck, perfect for relaxing, grilling, or enjoying the outdoor space. Just off the kitchen and dining area, the second-level living/family room provides another comfortable gathering space and features a ceiling fan, adding to the home’s functional and inviting layout. The third level features comfortable carpeted bedrooms and a full bathroom with a tub/shower combination. The top level is dedicated to the spacious primary suite, offering great privacy, an elegant raised ceiling detail, two spacious closets, and a beautifully updated primary bathroom complete with a jacuzzi tub. With four bedrooms, two and a half bathrooms, multiple living spaces, an attached garage, updated kitchen, gas fireplace, wood deck, walkout lower level, and a highly convenient Owings Mills location, this home has so much to offer. Stay tuned — this one is coming soon!
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.
