248 Pond Creek Ln, Earleville, MD 21919
5 beds · 6 baths · 5,379 sqft
Welcome to where dreams come true in an exclusive Waterfront neighborhood located in Sunset Pointe, Earleville MD....This stunning 2 story Sprawling Ranch is on 19.32 acres of breathtaking views of fields, wildlife and the open waters of Pond Creek. This meticulously renovated property featuring a beautifully redesigned family room with a wood-burning fireplace that has been tiled from floor to ceiling with custom tile, also featuring electric blinds just added to the specular windows that take all the views in.... The kitchen boasts new Bosch appliances, granite counter tops, wine refrigerator, counters galore, sub zero refrigerator, new above lighting cabinets, instant hot water at the sink, new sink and so much space... The Large dining area leads to an expanded deck with composite flooring and stone pillars. The office/sunroom which is located off the kitchen area has beautiful full glass etched french doors fireplace that compliments the family rooms...The solid door off this room that has a designer staircase down to the lower level patio ....As you walk through the kitchen there is a half bath that is located next to the large mudroom with another door that exists to another new deck expanded also with composite floors and an overhang.....This mudroom has space for everyone .... separate locker area and a dogs haven with a doggie water bowl filler....Now lets head back to the other side of the family room ....Welcome to the primary suite that has it's own gazebo deck private to you with sliding glass doors that also exit from this suite....This newly renovated primary bathroom has heated floors, custom cabinets, large Jacuzzi tub including an oil diffuser and automatic dryer ....marble shelve with a TV .... the shower will WOW you with a shaving station with it's own faucet and mirror....and custom tiling like no other.... The laundry room is outside of the the primary bedroom with all custom closets and is conveniently within access of the other first floor bedrooms .....Bedroom 2 and 3 on the first floor have custom closets and share a jack and jill bathroom with stunning updates....also another Jacuzzi and walk-in shower. Now lets head back to the foyer and down to the lower level .....First you are greeted with a large game room that has beautiful sliding doors out to the new salt water pool ....This lower level has 2 full bathrooms one that is handicap-accessible and connects to a beautiful 4th bedroom with it's own set of sliding glass doors leading out to a lovely patio....Wait!!! there is more.... a theater room features great a 100 inch screen, movie lights, platform seating with counter top seating to eat your popcorn... decorated with great design and to top it off a kitchenette completes this impressive space..... Are you ready to step outside and see this impressive yard.....again the New salt water pool, the dyed concrete decking around the pool, the hardscaping, landscaping, and a wood trellis with planting features..... Additional highlights include a full house generator, invisible dog fence, and outdoor lighting. This property is a truly a one-of-a-kind gem! Just in case that was not enough to impress here are 2 more features....The large 3 car garage has new door openers, and above it is an efficiency apartment has been fully renovated with high ceilings and small kitchenette, new small deck, new large full bathroom ...did I mention this studio has wood walls that are from ........This is also a hunters enclosed 2 person deer blind, great fishing and crabbing a great outdoors persons dream.....10 acres are currently being farmed agriculturally..
Source: BRIGHT #MDCC2015820
Financials
Source: Public records
Source: BRIGHT #MDCC2015820
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.
What 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.