6119 Fairbourne Ct, Hanover, MD 21076
5 beds · 4 baths · 2,376 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Perched on a hill with a charming front porch that welcomes you home, this enchanting residence has been lovingly updated and thoughtfully transformed over the years—offering a perfect blend of modern convenience and natural beauty. From the moment you step inside, you will be drawn to the heart of the home, where the family room and kitchen fuse to create a truly captivating space. The ✨STUNNINGLY✨ renovated kitchen (2024) will impress you and your guests with every detail: the expansive and beautiful natural Quartzite countertops, large bar top, the sink overlooking the backyard, plenty of cabinets for all your storage needs, modern appliances, the built in 3-in-1 Microwave that can AirFry, convection cook, and microwave, smart switches, under cabinet lighting. Everyone will want to gather here for every meal and holiday celebrations. Whether you choose the family room or three season room as your peaceful retreat, settle in to quietly contemplate nature, listen to bird song, and watch the seasons change right before your eyes. You have easy access to the deck and the completely fenced in backyard from both rooms. Pictures paint more than a 1000 words here. For the nature lover and anyone who wants a moment of reflection, this backyard oasis will make you happy. Spring is a delight here with flowers 🌸🌷🪻🌼blooming, strawberry patches predicting a great fruit season, birds singing and the majestic trees growing their protective canopy much needed later in the summer. Most plants are perennials and very little maintenance is required. Walk up to the pond and watch the goldfish swim gracefully through the water. You may even spy a frog or two. A large shed that has electric and its own delightful deck invites you to an outdoor picnic. Back inside, the living room and updated powder room (2020) complete the main level. On the upper level you will find four bedrooms and two full bathrooms. For added convenience, the laundry room has been moved to this level. The private and large primary bedroom suite features an en-suite updated bathroom (2024), walk-in closet, and access to the balcony overlooking the backyard. The second full bathroom on the upper level was updated in 2019. The fully finished lower level offers flexible living space with a separate entrance—ideal for guests, au pair, multi-generational living, or rental potential. It features a full kitchen, fifth bedroom, full bath, rec room, bonus room, its own washer and dryer. The entire home has been freshly painted and new carpet installed. Other updates include: chimney liner, cap, and firebox (2022), decking boards for the deck (2023), 50-year shingle roof (2020), garage doors (2020), water heater (2020), HVAC system (2015). A one-year home warranty is included for peace of mind. Come enjoy a tour of this truly special home.
Source: BRIGHT #MDHW2051610
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDHW2051610
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.