3 Starboard Ct, Berlin, MD 21811
3 beds · 2 baths · 1,398 sqft
Coastal Charm Meets Comfortable Living in Ocean Pines! Welcome to your new happy place, the Blue Crab Beach House, in the highly desirable Ocean Pines community where resort-style amenities meet everyday convenience! From pools and golf courses to the marina and Ocean City beaches just a short drive away, this neighborhood truly has it all. Step inside to an open, airy floor plan perfect for entertaining or relaxing after a beach day. Enjoy the ease of main-level living with the primary bedroom, full bath, and laundry all on the first floor. Upstairs offers two additional bedrooms with a Jack & Jill bathroom. Outdoor living is a dream with peaceful porch for morning coffee and a spacious yard for play, evening BBQs, and everything in between. Thoughtful updates include new bedroom light/fan fixtures, fresh paint throughout, a 17-month-old roof, and newer kitchen appliances including a brand-new dishwasher (installed Nov 2024) and microwave (installed Mar 2025). Custom-built loft twin beds and a cozy wood stove add a special touch of character. Tucked away in a quiet, residential setting but just minutes from shopping, dining, and entertainment, this home brings you the best of both worlds. This house also has a proven track record as a short term rental. Thinking about short-term rental income? The average 2024 rental rate during peak season was $289/night. This home comes with a built-in head start! The current owner has established social media pages specifically for promoting the property, and they’re happy to transfer them to the new owner at no additional cost. Instant online presence, zero setup hassle! Come see it before it’s gone! (Bathroom wallpaper is stick and peel. If it's not your style, removal is easy peasy.)
Source: BRIGHT #MDWO2029460
Source: BRIGHT #MDWO2029460
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.