1801 Free Ter Frederick, MD 21702
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About this home
Welcome to this move-in ready end-unit townhome! This beautifully updated home features a spacious and functional floorplan, perfect for modern living. The main level boasts a huge kitchen with granite countertops, a decorative backsplash, and a touchless faucet, flowing seamlessly into the bright breakfast area and cozy family room at the rear of the home. Step outside onto the large deck with mountain views, complete with stairs leading down to the landscaped, fully fenced backyard — ideal for relaxing or entertaining. Inside, you'll find wide-plank hardwood floors and 9-foot ceilings on the main level, adding warmth and elegance. Upstairs, there are two large bedrooms, each with walk-in closets, and two updated full bathrooms featuring granite vanities. The primary bathroom includes a beautiful walk-in tile shower. The finished lower level is perfect for a recreation room, home gym, or guest suite. There's also a separate laundry room and a large unfinished storage area for all your needs. Recent updates include fresh paint, new carpet, and newer major systems — roof, HVAC, water heater, and appliances — offering peace of mind for years to come. Located in the sought-after Walnut Ridge community, you'll have easy access to local restaurants, shopping, and everyday conveniences. With thoughtful upgrades throughout, this end-unit townhome combines comfort, style, and functionality in one impressive package — ready for you to move in and enjoy! **AND there is an assumable 2.375% FHA loan**
Source: BRIGHT #MDFR2071612
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.