302 Avalon Ln Westminster, MD 21158
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About this home
Located in the charming Avondale Run community, this exquisite Colonial-style residence offers a perfect blend of elegance and comfort. Spanning 2,378 square feet, this home features four spacious bedrooms and two and a half luxurious bathrooms, designed for both relaxation and entertaining. Step inside to discover a warm and inviting atmosphere, highlighted by solid hardwood floors and tasteful crown moldings throughout. The gourmet kitchen featuring Carrera marble counters & tile blacksplash is a culinary enthusiast's dream, equipped with high-end appliances including a double oven. Enjoy casual meals in the eat-in area or host dinner parties in the adjoining dining space, all bathed in natural light. The primary suite is a true retreat, featuring a walk-in closet and a beautifully appointed en-suite bathroom containing heated floors and dual shower heads. Cozy up in the living room by the wood-burning fireplace, perfect for creating cherished memories on chilly evenings. Additional features include recessed lighting, ceiling fans, and a convenient main-floor laundry area. The partially finished basement offers endless possibilities, whether for a home gym, playroom, or additional storage. Outside, the expansive 0.83-acre lot provides ample space for outdoor activities and gatherings, complemented by an attached side-entry garage for added convenience. The property features an 8' x 8' storage shed and a prepped site ready for a 12' x 24' shed — perfect for additional storage, a workshop, or hobby space. This home is not just a residence; it's a lifestyle, offering a serene escape while remaining close to local amenities. Experience the perfect blend of luxury and comfort in this exceptional property.
Source: BRIGHT #MDCR2030396
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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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