Discover refined coastal living in this beautifully appointed 4-bedroom, 3.5-bath home, ideally positioned on an expansive and private corner lot in the prestigious, amenity-rich community of Glen Riddle. Thoughtfully designed for both everyday comfort and effortless entertaining, this residence offers a seamless blend of style, function, and coastal charm. An inviting foyer with rich LVP flooring leads to a private office with French doors—perfect for remote work or quiet reading. The main level includes two spacious guest bedrooms, a full hall bath, a convenient powder room, and a well-appointed laundry room. The luxurious first-floor primary suite offers a serene retreat, complete with a large walk-in closet and a beautifully finished en-suite bath featuring dual vanities and contemporary fixtures. At the heart of the home, the gourmet kitchen impresses with quartz countertops, stainless steel appliances, double oven, gas range, center island with seating, recessed lighting, and a generous walk-in pantry. This culinary space opens seamlessly to the dining area and expansive family room, creating an inviting open-concept layout ideal for everyday living and hosting family and friends. A reverse osmosis filtration system provides purified drinking water directly to the kitchen sink via a dedicated RO faucet, with an additional feed line routed to the refrigerator and ice maker for high-quality ice and chilled water. A whole-home water softening system further enhances water quality throughout the house. The home is fully networked with dedicated Cat-6 Ethernet lines in all bedrooms and office spaces, delivering true gigabit performance, fiber-ready capability, and support for advanced mesh networking for seamless high-speed coverage throughout the home. Just off the main living area, a private enclosed nook provides added versatility—perfect as a second office, reading space, craft room, or hobby area. This room also provides convenient interior access to the fully conditioned and encapsulated crawlspace, which features a moisture barrier and integrated HVAC/airflow system. The space remains clean, dry, temperature-controlled, and can be used for extra storage. Upstairs, a spacious loft offers endless possibilities for a media room, playroom, fitness area, or lounge. The second floor also includes a large fourth bedroom, a full hall bath, and a dedicated storage room. Outdoor living is equally impressive. A large composite deck and complementary paver patio create the perfect setting for summer cookouts, coastal breezes, and relaxed gatherings. The lush yard is fully irrigated, while the home is equipped with a sprinkler system for added safety. A two-car garage with a Level-2 electric vehicle charging station enhances modern convenience. Glen Riddle amenities include an outdoor pool, 4 dedicated pickleball courts, a tennis court, fitness center, community center and a marina. Also on site at Glen Riddle are 2 championship golf courses, War Admiral and Man O'War, and a Ruth's Chris Steak House. This home's great location is convenient to West Ocean City, Berlin, Ocean City beaches and Boardwalk, schools, shopping, and many great restaurants and eateries. This exceptional property delivers the perfect combination of comfort, sophistication, and coastal lifestyle!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
