400 Colonial Ridge Ln Arnold, MD 21012
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About this home
Welcome to this beautifully updated townhouse in the heart of Arnold, where thoughtful upgrades and a well-designed layout come together to create a warm and inviting place to call home. Featuring three spacious bedrooms, two full bathrooms, and two convenient half bathrooms—one located on the main level and another in the finished basement—this home offers both comfort and practicality for everyday living. Step inside to an open floor plan that seamlessly connects the living, dining, and kitchen areas, making it ideal for both relaxing and entertaining. Natural light fills the space through a brand-new sliding glass door, leading out to a freshly finished deck with brand-new boards—perfect for enjoying a morning coffee or an evening breeze. The kitchen is equipped with stainless steel appliances, including a brand-new oven, and offers plenty of counter and cabinet space to make meal preparation easy and enjoyable. Just off the kitchen, the main living area features fresh, neutral paint , creating a clean and comfortable setting throughout the home. Upstairs, the primary suite provides a private retreat with its own full bath, while two additional bedrooms offer flexibility for guests, a home office, or growing families. Each space has been thoughtfully maintained and updated to ensure comfort and style. Additional highlights include a professionally cleaned air duct system (2022), a brand-new front door that adds both curb appeal and security, and a newly installed fence enclosing the backyard—ideal for pets, play, or private outdoor gatherings. The fully finished basement expands the living space even further, offering room for recreation, work, or relaxation, complete with a convenient half bath. This home combines modern updates with classic comfort, all set in a desirable location close to local amenities, parks, schools, and commuter routes. Don’t miss the opportunity to make this lovely Arnold townhouse your next home.
Source: BRIGHT #MDAA2123862
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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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