1144 Carinoso Cir, Severn, MD 21144
3 beds · 4 baths · 2,320 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 1144 Carinoso Cir, an impeccably maintained townhome in the highly sought-after Millstone Village community of Severn. This spacious 3 bedroom, 2 full and 2 half bath home features three finished levels of stylish living space with thoughtful updates throughout. The open-concept main level boasts gleaming hardwood floors, a modern kitchen with granite countertops, stainless steel appliances, a large island, ample space for a family dinning table, and slider access to a massive deck. Perfect for entertaining! This level has large windows, with custom blinds, on every wall. Letting in an abundance of natural light. Upstairs, the expansive primary suite offers a walk-in closet and private en-suite bath with dual vanities, a soaking tub, and step in shower. Two guest rooms, full guest bathroom, and designated laundry space complete this upper level. The entry-level includes a versatile bonus room ideal for a home office, gym, or additional living space, along with access to the 2-car garage, and slider walk out access to a second deck space. The back yard is spacious and fully fenced in. The home was meticulously maintained by the owners. New Roof, 40-year shingle, installed in 2023. Conveniently located near Fort Meade, NSA, major commuter routes, shopping, and dining—this move-in-ready home is a must-see!
Source: BRIGHT #MDAA2110826
Source: BRIGHT #MDAA2110826
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.