4518 Fait Ave, Baltimore, MD 21224
3 beds · 2 baths · 1,792 sqft
Welcome to 4518 Fait Avenue, where modern elegance meets urban convenience. This stunning three-level townhome offers the perfect blend of style and functionality, complete with a one-car garage for private parking and easy access. Upon entry, you’ll find a versatile flex space tailored to your needs—whether as a third bedroom, home office, den, or media room. The main level boasts a gourmet kitchen featuring an extended island, ideal for casual dining or entertaining. The open-concept design flows seamlessly into a bright, airy living area with direct access to a composite deck, perfect for relaxing or hosting guests. Located in the highly sought-after Canton Square Park (also known as O’Donnell Square Park) neighborhood, this home is just minutes from: Canton Crossing & The Shops at Canton (Target, Harris Teeter, Nordstrom Rack, & more) Patterson Park—a scenic urban retreat with walking trails and sports courts Canton Waterfront Park—ideal for weekend strolls and waterfront dining Fells Point & Harbor East—offering premier restaurants, boutiques, and nightlife Commuters will love the easy access to I-95, I-895, and Route 40, making trips to Downtown Baltimore, Johns Hopkins, and beyond a breeze. This location is perfect for professionals working at: Johns Hopkins Hospital & Bayview Medical Center University of Maryland Medical Center Port of Baltimore & Tradepoint Atlantic Amazon Distribution Centers Under Armour Headquarters Don’t miss this opportunity to own a sophisticated urban retreat in one of Baltimore’s most vibrant communities! Schedule your showing today!
Source: BRIGHT #MDBA2158666
Financials
Source: BRIGHT #MDBA2158666
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.