Discover an exceptional opportunity in the sought-after Whittier Pond community. This well-maintained interior townhome, built in 2004, offers 2,640 square feet of versatile living space designed for comfort, functionality, and everyday convenience. Its classic Colonial design provides timeless appeal, while the interior layout offers flexibility for a variety of lifestyles. The main level features hardwood flooring in good condition and an open floor plan that creates a bright, spacious atmosphere from the living area through the dining space and into the kitchen. The kitchen includes generous counterspace, granite countertops, and newer stainless steel appliances. Its central location on the main level offers easy access to the rear deck, allowing for indoor-outdoor flow during meals, gatherings, or quiet time outside. Off the kitchen, the deck provides a comfortable space to relax or entertain. Below the deck, a patio area adds an additional outdoor option and increases the home’s usable space. The lot size of approximately 0.04 acres offers a manageable outdoor area for simple upkeep without extensive maintenance demands. The traditional layout of the home supports multiple interior configurations depending on the needs of the future occupants. With its generous square footage, the townhome allows room for living, dining, workspace, recreation, or additional storage. The frame construction and Colonial architectural style contribute to a durable structure suited for long-term use. The Whittier Pond community is known for its well-kept surroundings and practical location. Green spaces, sidewalks, and nearby parks provide options for outdoor leisure. Residents benefit from close proximity to shopping centers, grocery stores, dining options, and local services. The neighborhood offers convenient access to commuter routes, connecting the property to a number of activity centers throughout the Central Maryland region. The property includes off-street parking and available parking lot spaces, offering flexibility for residents and guests. There is no pool on the premises, simplifying upkeep and reducing long-term maintenance responsibilities. This home’s location provides excellent access to a number of communities throughout Central Maryland, including Mount Airy (Mt. Airy), New Market, Monrovia, and Ijamsville. Its position within the Whittier Pond subdivision places it within reach of many of the area’s amenities and daily conveniences. For buyers seeking a townhome with ample interior living space, outdoor options, and a location close to parks, shopping, and commuter routes, this property offers a practical and well-situated option. With its classic design, adaptable floor plan, and community setting, 2583 Carrington represents an appealing opportunity to own within a desirable and established area. Schedule your showing to explore the full potential of this spacious property and the benefits of living in Whittier Pond. Sellers have found home of choice and are ready to move.
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.
