12262 Etchison Rd Ellicott City, MD 21042
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About this home
Set on a picturesque 0.92-acre corner lot in the sought-after Woodmark neighborhood of Ellicott City, this custom-built home combines timeless character with thoughtful updates. Offering four bedrooms and three full bathrooms, the residence is surrounded by mature trees that provide both privacy and a serene backdrop. Inside, recently refinished hardwood floors highlight the inviting living room, where crown molding adds elegance and seamlessly continues into the dining room accented with built-in cabinetry. An updated eat-in kitchen boasts stainless steel appliances, quartz countertops, a skylight that brings in abundant natural light, and space for a breakfast area. Just off the living room, a spacious screened porch with skylights creates an ideal retreat to enjoy views of the wooded surroundings. Hardwood floors extend down the hall to three comfortable bedrooms on the main level, including the primary bedroom with its own private bathroom featuring a walk-in shower. The second bathroom on this level has a tub shower. Downstairs, the fully finished lower level offers versatile living space with a fourth bedroom, a beautifully renovated bathroom with dual sink vanity and walk-in shower, and a cozy family room anchored by a brick-surround gas fireplace. Sliding glass doors open to the backyard and patio, creating a seamless flow between indoor and outdoor living. Practical features include a utility room, a two-car garage with laundry, generous driveway parking, and a shed for extra storage. Peace of mind comes with numerous updates completed in recent years, including new bathrooms, flooring, roof, windows, doors, HVAC system, water heater, water softener, and attic insulation. This well-maintained home provides comfort, space, and a connection to nature while remaining close to all that Ellicott City has to offer nearby. Some images have been virtually staged.
Source: BRIGHT #MDHW2059940
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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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