45454 Steer Horn Neck Rd, Hollywood, MD 20636
4 beds · 3 baths · 3,486 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 45454 Steer Horn Neck Road in the private waterfront enclave of Half Pone Point. Situated on over an acre of land with 150ft of waterfrontage on the Patuxent river, this bright 4 bed /3 bath, 3,400 sqft home boasts gorgeous views of the river from nearly every room. In the heart of the home sits the open concept kitchen, living and dining room. The kitchen features a granite island with bar seating and updated stainless appliances (2020). Off the kitchen is a dining room (or den) that leads to an amazing screened porch area of the deck. Stairs to the second level above the garage lead to a studio/in-law/au pair apartment complete with a full bathroom, living area, kitchenette and storage area. At the other end of the hardwood-floored main level is the primary suite and 2 other bedrooms. The primary suite offers a large walk-in closet with custom wood organizers, shelves, drawers, and an island with additional storage/drawers and a hidden ironing board. The primary bathroom is all tile with a soaking tub and walk-in shower. The main level is completed by two large bedrooms, 3rd full bath, and a separate laundry room equipped with washer/dryer, counter, utility sink and additional storage closet. This lovely home has a beach area, two operational boat lifts, approximately 100ft pier with slip, 4+ MLW and three jetties to prevent erosion. In addition, there is an encapsulated crawl space, a water treatment system, 5-year-old dual-zoned HVAC system, as well as a two-car front load garage under the studio and a detached one-car garage. Located next to 2 mile Half Pone Loop!
Source: BRIGHT #MDSM2023002
Source: BRIGHT #MDSM2023002
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.