Property is being offered at Public Auction by Witman Auctioneers, Inc. List price of $200,000 is suggested opening bid. Property is being offered at auction to settle the Estate of Tracey E. German. Auction will be held onsite at property on Monday May 4th 2026 at 6pm. 6245 Middleburg Road Keymar, MD 21757 Carroll County, MD is .61 Acre +/- residential property with a solid stone house and 2 car detached garage. This house has 3 bedroom with 3 full baths. Surrounded by farmland and country views this property has much to offer in terms of setting and location. 9ft ceilings on first floor, with large wood trim and stone wood burning fireplace are some of the unique features. According to State and County records this home was built in 1941 and is 2,351 square feet. Property is serviced by Well and Septic. ( Please see attached County Public Records.) 200 Amp Electrical Service. Large paved driveway with ample parking. 6ft. tall commercial fence around backyard and side yard. This property will most likely require repair(s) and/or updates, it is being offered in totally AS-IS condition. Inspections and Due Diligence are welcome, but should be completed prior to bidding at auction. Annual State/County Taxes are current and total $3,531.36 per year. Carroll County Public School District -Elmer A. Wolfe Elementary, Norwest Middle School and Francis Scott Key High School. All interested buyers should plan on attending one of the four open house dates: Friday April 10th 4:30pm-6:30pm, Tuesday April 14th 4pm-6pm, Sunday April 19th 12 Noon-2pm. House will be opened up on Auction day Monday May 4th at 4pm -2 hours prior to auction for walk-throughs and final inspections. Broker/Realtors can show property through ShowingTime Appointments. Realtor/Brokers with interested clients must be registered 48 hours prior to auction by Saturday May 2nd by 6pm deadline by completing participation form. Auction Terms and Conditions: Property Sold in As-Is condition, 30 Day Settlement, 10% Deposit Day of Auction-Certified Check made payable to Witman Auctioneers, Inc. , Buyer to pay all settlement and transfer costs, No buyers premium, Sold Subject to Seller's Confirmation.
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.
