1243 Pine Hill Dr, Annapolis, MD 21409
7 beds · 4 baths · 3,548 sqft
Get a free consultation call with an expert in the mortgage assumption process.
SELLERS HAVE REQUESTED ALL OFFERS TO BE SUBMITTED BY 4PM, SATURDAY, APRIL4TH Don’t Miss This Rare Opportunity in the Amenity-Rich Community of Cape St. Claire! Welcome to this lovingly maintained 2012-built home, offering space, comfort, and flexibility in one of the area's most sought-after neighborhoods. Step inside to an open floor plan featuring freshly refinished hardwood floors throughout the main level and a generously sized kitchen complete with cherry wood cabinets—perfect for entertaining or everyday living. Upstairs, you’ll find a spacious primary bedroom with 2 walk-in closets and large bathroom with the tub and a shower, 3 additional bedrooms and a convenient laundry room, ideal for today’s busy lifestyle. The recently finished basement expands your living options even further, boasting three additional bedrooms: plenty of room to suit your needs—whether it's a home office, guest space, or recreational area. Cape St. Claire is known for its outstanding amenities, including beaches, parks, a community clubhouse, marinas, boat ramp, and more. It is also known for the Broadneck area schools, it's own local shopping center, and easy access to Route 50. This home combines modern living with a vibrant community feel—don’t miss your chance to call it yours!
Source: BRIGHT #MDAA2105522
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDAA2105522
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 and Equal Opportunity Act.