SOUTHERN MARYLAND SHOWSTOPPER IN THE PRINCE FREDERICK CROSSING NEIGHBORHOOD! This home sits close to a quiet cul-de-sac with a property that stands out amongst its peers. It has a level front yard with a long and level concrete driveway that has also been extended and widened. The beautiful front exterior showcases a stone front and a front-load, two car garage with plenty of room for parking. The front porch is welcoming, wraps around the side of the home for a beautiful seating area to enjoy the morning sunrise. There is a lovely leadway that extends to the side of the home and to the fully fenced backyard, which is flat and offers privacy & room for play, hosting, and outdoor recreation. This incredible home also features a large back deck - maintenance, free with composite deck boards, and vinyl rails with steps to grade. Inside you will find an open and well-designed floor plan. Luxury vinyl plank hardwood flooring extends throughout the home on every floor, including the bedrooms! From the two story foyer with soaring ceiling height and plenty of natural light, to the family room, kitchen and dining area, open concept is defined. The family room features a gas fireplace with a blower motor to produce heat and rustic ambience during a cold winter evening or a chilly fall day. The kitchen is a delight! Appliances have been upgraded to include a black stainless side-by-side refrigerator with bottom pull out freezer. The owners added a spacious kitchen island with counter height seating, and granite countertops for style and durability. Upstairs, you will find four spacious bedrooms. The owners bedroom is large within an oversized walk-in closet and access to the private primary bath. The primary bath features dual vanity sinks, a separate stand-up shower and a deep soaking tub. The secondary bedrooms are a great size each one with its own closet and luxury vinyl plank hardwood flooring. The secondary bedrooms share a hall bath and the laundry room is located on the upper level as well for the ultimate set up in terms of convenience and functionality. The fully finished lower level is the cherry-on-top! There is a fully finished rec room with luxury vinyl plank hardwood flooring as well as a three piece basement bathroom rough-in for the build out of a future bathroom on the lower level. The lower level also features a 6 x 6’8 slider door that walks directly out to an extended concrete patio underneath the maintenance free deck above. This home also includes smart home capabilities like Nest thermostat, WIFI extender, hardwired for surround sound and Vintage Security system that can operate doors, thermostats and front door cameras from your phone. There is 5.1 surround sound in the family room as well as the lower level rec room. LOCATION, LOCATION, LOCATION! This incredible home is located in one of Calvert County’s most desirable and amenity-rich subdivisions - Prince Frederick Crossing. The neighborhood features playgrounds, basketball courts, recreational fields and a clubhouse! This premier property is located within a a minute’s drive to major commuter route 4, schools, dining, shopping and entertainment. Discover your dream home at 619 Yearling Drive. Schedule your showing today!
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.
