122 Farmbrook Ln Hanover, MD 21076
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About this home
Welcome to 122 Farmbrook Lane — a light-filled colonial offering nearly 3,000 square feet above grade in the desirable Harmans Farm community of Hanover. The main level features gleaming hardwood floors, a dramatic two-story foyer, a formal living and dining room, and a generous family room with a cozy gas fireplace. The kitchen includes an island, plenty of cabinet space, and a sunny breakfast nook that opens to the deck—perfect for morning coffee or weekend entertaining. Upstairs, the vaulted primary suite impresses with two walk-in closets and a spa-like bath featuring dual vanities, a soaking tub, separate shower, and private water closet. Three additional bedrooms and a full hall bath complete the upper level. The walk-up lower level is large and unfinished with a rough-in for a future bathroom—offering endless possibilities for expansion. Outdoor living is just as inviting with a deck, expansive paver patio, firepit, and a fully fenced backyard. Additional highlights include a two-car garage, abundant natural light, and a convenient location near Arundel Mills, Ft. Meade, BWI Airport, and major commuter routes. This home offers the perfect balance of comfort, space, and everyday convenience—come see why life in Harmans Farm feels like home!
Source: BRIGHT #MDAA2130360
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FAQs
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.
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