Welcome to 1407 Harford Square Drive in Harford Square, Edgewood MD 21040 - the one you've been waiting for! Nestled inside the established, private Harford Square community in Edgewood, Maryland, this move-in ready three-bedroom, one-and-a-half bath townhome delivers the space, value, and lifestyle that Harford County buyers have been searching for - all priced to move quickly. Whether you're a first-time buyer ready to stop renting, a military family relocating to Aberdeen Proving Ground, a VA loan or FHA buyer looking to maximize your purchasing power, or a savvy investor chasing instant equity -1407 Harford Square Drive checks every box! Step inside to a bright, functional layout that just works - and works well! The main level flows seamlessly from the living area to the kitchen, making everyday living easy and comfortable - not to mention the new kitchen AND upgraded bath take easy and comfortable to a whole new level! The upper level touts three bedrooms, that updated full bath I spoke of and lots of closet space - including a huge custom closet in the primary bedroom. Head to the lower level to experience a fully finished basement, complete with a half bath, delivering bonus living space that most competing townhomes in the 21040 zip code simply can't match - home office, rec room, gym, guest suite, the choice is yours! The basement also features walkup hatch access to your private, fenced rear yard, perfect for morning coffee, weekend cookouts, or just unwinding after a long day. The Harford Square HOA handles common area maintenance, keeping the community well-kept and your weekends free - free for some playground and pool time! Now let's talk location - because this is where 1407 Harford Square Drive really shines! You're minutes from I-95, putting you approximately 20 minutes from Aberdeen Proving Ground (APG), 25 minutes from White Marsh, and 35 minutes from Baltimore. The MARC train is nearby for car-free commuting straight into Baltimore or Washington DC. Gunpowder State Park, Flying Point Park, and miles of waterfront hiking and kayaking trails are practically in your backyard. Everyday conveniences — grocery stores, dining, retail, and medical — are all within a short drive on US-40. This is Harford County, Maryland living at its most accessible, and at this price point in the 21040 zip code, homes in Harford Square don't sit long. The recent sold comps prove it! Move-in ready. Schedule your private showing today! 3 Beds | 1.5 Baths | Harford Square Edgewood MD | 21040 | Harford County MD | Townhome | Finished Basement | Half Bath Basement | Walkout Basement | Fenced Rear Yard | HOA Community | Move-In Ready | I-95 Commuter | MARC Train | Aberdeen Proving Ground | APG | Military Relocation | VA Loan | FHA Eligible | First-Time Buyer | Investor | White Marsh | Baltimore Commuter | Washington DC Commuter | Gunpowder State Park | Harford County Public Schools | Affordable Townhome Harford County | Fee Simple | Edgewood MD Homes for Sale | Harford Square Homes for Sale
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.
