11939 South St, Libertytown, MD 21762
2 beds · 1 baths · 1,009 sqft
Why settle for a townhouse when you can own a fully remodeled single-family home on a spacious 0.34-acre lot? This charming 2-bedroom, 1-bath farmhouse in Libertytown has been thoughtfully updated with brand-new stainless steel appliances, new kitchen countertops, and beautiful hardwood floors in the dining and living areas, complemented by a brick wood-burning fireplace. Washer-Dryer hook up on the mail level for a stacked unit. The upper level features two bedrooms and a loft landing that offers flexible space for a home office or potential bedroom expansion. Freshly painted throughout with new carpet, this home is move-in ready. Outdoor spaces include a stunning flagstone front porch, a covered back patio with bilco doors to the basement, and a paver patio overlooking the flat backyard with a stone shed for extra storage. Conveniently set back on a quiet side street off Route 26, this home is just a few blocks from Libertytown Park and within walking distance to 7-Eleven and Dunkin’. Located less than 8 miles from New Market’s shopping, dining, and Route 70 access, and just 10 miles from Wormans Mill and Route 15, this home offers the perfect balance of tranquility and accessibility. A rare find at this price! NO HOA, possibility to expand—schedule your showing today!
Source: BRIGHT #MDFR2061292
Financials
Source: BRIGHT #MDFR2061292
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.