COMPLETELY UPDATED & IMMACULATELY MAINTAINED!!! Stunning waterfront 3 Bedroom 2.5 Bath 2378SQFT retreat on sought after Cuckold Creek in Hollywood, Maryland! There’s something about pulling into this property that immediately slows you down. Maybe it’s the way the trees wrap the .64-acre lot, or how the home sits back just enough to feel private without feeling isolated. Either way, you can tell right away — this isn’t just another waterfront home. Step inside and the feeling continues. The space opens up, ceilings lift, and natural light pours in across engineered white oak hardwood floors that run seamlessly throughout the home, creating a clean, cohesive feel from room to room. It’s the kind of space that feels elevated without trying too hard. The kitchen is positioned perfectly to capture substantial water views, making it a place you’ll actually want to spend time in. Finished with leathered Fantasy Brown countertops and designed to flow naturally into the main living areas, it connects effortlessly to both everyday living and entertaining. Just beyond, the family room offers a more relaxed setting, anchored by a wood stove insert that brings warmth and character during cooler months. The main-level primary suite is tucked away for privacy and convenience, offering a comfortable retreat at the end of the day. Upstairs, two additional bedrooms are connected by a beautifully finished Jack and Jill bathroom, creating a layout that works seamlessly for guests or family. And then there’s the way this home lives outside. The screened-in porch is the kind of space you’ll use constantly — vaulted wood ceilings, a true extension of the home, and a place where time just seems to slow down. Step out onto the 24x12 deck and the setting really opens up, overlooking the backyard and the water beyond. A small fenced area with a dog door adds everyday functionality, blending convenience with the outdoor lifestyle. Follow the gentle path toward the water and you’ll find a private pier set on Cuckold Creek with approximately 5 feet of mean low water, a 12,000 lb boat lift, and a dedicated kayak rack — everything you need to actually enjoy being on the water. The shoreline has already been protected with new rip rap installed in 2024, giving peace of mind for years to come. Back at the home, the details that matter are already handled. The roof was replaced in 2020, and the property is supported by a crawlspace dehumidifier, oil backup heat, and an efficient heat pump hot water heater. The oversized two-car garage is complemented by an additional rear garage bay with a roll-up door, offering the kind of storage or workspace flexibility that’s hard to find. A large laundry and mudroom adds everyday practicality, designed for real life coming in from the outdoors. Every part of this home has been thoughtfully considered — from the way it flows, to the way it functions, to the way it allows you to actually enjoy the setting around it. Schedule your private showing today — this one won’t last.
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.
