45201 Shetland Acres Dr, Valley Lee, MD 20692
3 beds · 4 baths · 2,462 sqft
Get a free consultation call with an expert in the mortgage assumption process.
What's in your dreamscape? This spectacularly set custom home is ready for your big life plans! Bring your home-based, farm-based, or commercial business dreams to this VMX-zoned escape in the Valley, which has not just one public sewer connection, but two! Or, if your dreams are the simplicity and serenity of relaxing in a pool with a pond and pasture-like view, romping on or planting garden rows on 10 full acres, surely Shetland Acres is your new home. This home is truly a flexible one - for the indoorsy resident it offers naturally lit windows with views, a 4-season sunroom with a cozy, beautiful stone fireplace, large kitchen with loads of counter space, open to a fully-windowed dining area, two primary suites (one large, one smaller), convenient off-kitchen large laundry/storage area, and an office or reading room ready for your focus or feet up for a few. For the outdoorsy resident, this property offers a huge hardscape patio just a couple steps outside the sunroom, a half bath just inside the hall off the patio or the 2-car garage or 1-car/workshop with summer kitchen space, a run-in shed/pergola (recently improved), a large shed (recently renovated), a coop and chicken yard complete with or without the chickens (!), a professionally installed above ground pool, a regularly plowed and planted garden area, a zip line, trampoline, installed professional-level basketball hoop, and a driveway for days for all of your toys or potential business building success! Enjoy all of those outdoor amenities with your furry family members with the Invisible Fence installed on the property (buyers would need to purchase a controller). From the front door to the very back door, you'll notice the well done trims and details that set this apart from the typical spec home, and while it is not a fully treed property, it is placed perfectly for privacy. Whatever your pleasure, it is accessible from Shetland Acres with ease - turn left to take in breathtaking views of the river and access some of the best restaurants around, and turn right to head to the grocery and restaurants in Callaway and either Webster Outlying Field (WOLF) or NAS Patuxent River, the charming, historic, local small-business hub of Leonardtown, access to Route 5 north to DC or Route 4 north to Annapolis. Dare to dream and make them all come true at your new home! *DISCLOSURE* - security system on property has video/audio
Source: BRIGHT #MDSM2023394
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 #MDSM2023394
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.