Perfectly situated on the scenic Eastern Shore of Maryland, just outside the historic town of Centreville, this stunning traditional home in the desirable Hollingsworth community offers an unparalleled lifestyle that combines suburban convenience with small-town charm. Located just 30 minutes from the William Preston Memorial (Chesapeake Bay) Bridge, this property provides an easy commute to Annapolis and the Western Shore, while keeping you just 35 minutes from historic Chestertown, 40 minutes from Easton, and a quick 40-to-45-minute drive to the Delaware line. Centreville itself is steeped in American heritage, serving as the Queen Anne's County seat since the 18th century and boasting the oldest courthouse in continuous use in Maryland, complete with the famous bronze statue of Queen Anne. With 2,909 square feet of thoughtfully designed, move-in-ready living space, this residence seamlessly blends timeless architectural appeal with modern features. Step inside to find a warm and inviting atmosphere, accentuated by beautiful custom built-ins and elegant recessed lighting that enhances the home's spaciousness. The open-concept main living area features a cozy gas fireplace, perfect for chilly evenings, while rich wood floors add a touch of timeless sophistication throughout. The seamless flow connects the living room to the dining area, making this open layout an entertainer's dream. The heart of the home is the well-appointed kitchen, fully equipped with modern appliances, including a built-in microwave, dishwasher, electric oven/range, and refrigerator—designed for both everyday functionality and style. This spacious home boasts four generous bedrooms, providing ample space for relaxation, privacy, or a dedicated home office. The master suite is a true retreat, featuring a private en-suite bathroom that combines convenience with comfort. With two full bathrooms and an additional half bath, morning routines will be a breeze for everyone. Step outside to enjoy the expansive 1.25-acre lot, a rare find on the Eastern Shore where outdoor living truly comes to life. The classic wrap-around porch and private patio areas invite you to unwind and soak in the serene surroundings, making it the perfect setting for summer barbecues, crabbing feasts, or quiet evenings under the stars. Located in the peaceful Hollingsworth neighborhood, residents benefit from a quiet community atmosphere just minutes from the Corsica River waterfront, local boat ramps, and vibrant downtown spots like local craft breweries and distilleries. Enjoy nearby parks with recreational opportunities for all ages, as well as access to top-rated Queen Anne's County schools that prioritize education and community involvement. Complete with a side-entry attached garage and an oversized driveway with ample parking space, this property is more than just a place to live—it's an Eastern Shore lifestyle. Don't miss the opportunity to tour this beautiful 4-bedroom home on acreage and experience all that Centreville has to offer!
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.
