14165 Shelwick Pl, Hughesville, MD 20637
5 beds · 5 baths · 5,895 sqft
14165 Shelwick Place checks ALL of the boxes. Nestled on a 3 acre lot, you'll love the parking, pool, hot tub, hardwood floors, and custom fixtures. The 5 bedrooms and 5 full bathrooms provide ample room for comfort and privacy, making it perfect for both entertaining and living. Enter your new home to discover a grand 2 story foyer leading to a spacious family room featuring cathedral ceilings, large windows, and a fireplace, creating a warm and inviting atmosphere. The living room, dining room, and private office also feature vaulted windows allowing tons of natural light. The chef's kitchen is a culinary dream, equipped with a breakfast bar, breakfast nook, cooktop, double oven, marble backsplash, granite counters, an island, and walk-in pantry. You can enjoy casual dining in the eat-in kitchen or host a group in the formal dining room. The upstairs owner's suite is a true retreat with a separate, private sitting area, 2 walk in closets, cut out ceilings, a fireplace, and a luxurious ensuite with his and hers vanities, a stand alone marble shower, and a marble whirlpool tub. The other 3 bedrooms are well appointed, and the baths throughout the home are finished with elegant, modern touches. Just like the top two levels, the basement is also a dream with a movie room, game room, full bar, and wine fridge. This home offers the perfect balance of comfort, luxury, and convenience for modern living. You will love living here!
Source: BRIGHT #MDCH2039210
Financials
Source: BRIGHT #MDCH2039210
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
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