711 Davol Rd, Stevensville, MD 21666
4 beds · 3 baths · 2,268 sqft
Seller offering up to 3% closing help with an acceptable offer! Great way to buy down your rate. Welcome to 711 Davol Road, a spacious and inviting 4-bedroom, 3-bath home nestled in the sought-after water-privileged community of Cloverfields in Stevensville, just across the Bay Bridge on Maryland's Eastern Shore. This charming home has been lovingly maintained and is ready to welcome its next owners into a lifestyle full of comfort, fun, and endless amenities. Step inside and you’ll find an open floor plan filled with natural light, soaring vaulted ceilings, and beautiful wood floors that create a warm and welcoming vibe. The updated kitchen features newer stainless steel appliances and recessed lighting, making it a bright and functional space for everyday living or entertaining. Cozy up by the wood-burning fireplace in the living room or head downstairs to the expansive lower level, complete with a custom wet bar, game room, and a bonus room pre-wired for surround sound—perfect for movie nights or gatherings with friends and family. Out back, enjoy summer BBQs or relaxing evenings on the oversized two-level deck, or gather around the fire pit on the patio. The fenced backyard offers plenty of space for pets or play, plus there are two sheds—one with electric—for all your storage needs. Additional perks include a one-car attached garage, a paved driveway with ample parking, and a high-efficiency HVAC system installed in 2013. Living in Cloverfields means being part of an active, welcoming community that hosts fun events throughout the year, including an Easter Egg Hunt, Fourth of July Party, Community Crab Feast, Halloween Parade, Children's Christmas Party, and a Christmas Holiday Lights Contest. There’s something for everyone with amenities like a private beach, pavilions with grills, a marina with rental slips, boat ramp, fishing pier, swimming pool (complete with a swim team), kiddie pool, clubhouse, playgrounds, basketball court, and horseshoe pits. Whether you’re looking to relax or play, this community has it all! Don’t miss the chance to make 711 Davol Road your new home—schedule your showing today and start living the Eastern Shore lifestyle you’ve been dreaming of!
Source: BRIGHT #MDQA2012550
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: BRIGHT #MDQA2012550
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.