1408 Meadow Point Ct, Salisbury, MD 21801
4 beds · 3 baths · 3,739 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Discover the perfect blend of comfort and convenience in this beautifully maintained 4-bedroom, 3-bathroom home nestled in the serene Harbor Pointe community of Salisbury, Maryland. As you step inside, you're greeted by a spacious living room adorned with a cozy fireplace, creating an inviting atmosphere for gatherings. The open-concept kitchen boasts ample storage, seamlessly flowing into the dining area—ideal for both casual meals and formal entertaining. The expansive master suite serves as a private retreat, featuring a convenient en-suite bathroom and a generous walk-in closet. Abundant natural light floods the home, highlighting its thoughtful design and enhancing the warm ambiance throughout. Entertainment possibilities abound with a fully finished basement, complete with a home theater and separate exterior access—perfect for hosting movie nights or accommodating guests. Outdoor living is equally impressive. Enjoy the large deck overlooking a fenced backyard, providing a safe and spacious area for outdoor activities. The property also includes a sizable front yard and a 2-car attached garage, offering both curb appeal and practicality. Situated on a peaceful cul-de-sac, this home offers proximity to the historic Pemberton Park, where over four miles of walking trails along the Wicomico River await exploration. The Harbor Pointe community itself features low HOA fees and a public playground, fostering a welcoming environment without through traffic. Conveniently located, you're just 10 minutes from TidalHealth Peninsula Regional Medical Center, 12 minutes from the award-winning Salisbury Zoo and park, and 15 minutes from North Salisbury's array of shopping and dining options. Downtown Salisbury is a mere 10-minute drive, while the pristine beaches of Ocean City are accessible within 45 minutes. Embrace the opportunity to own this exceptional property that perfectly balances modern amenities with a prime location. Schedule your private tour today and envision the lifestyle awaiting you in Harbor Pointe.
Source: BRIGHT #MDWC2017384
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDWC2017384
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.