825 Camp Conoy Rd, Lusby, MD 20657
5 beds · 5 baths · 5,184 sqft
Welcome to 825 Camp Conoy Road, a delightful retreat in Lusby that combines comfort with charm. This inviting home is perfect for entertaining, offering ample space for gatherings with family and friends. Enjoy the warmth of two fire pits—one overlooking the bay and another on the patio—ideal for cozy evenings. The bar area, complete with a pool table, dart board, and two TV rooms, provides a wonderful setting for socializing and leisure. For those seeking an active lifestyle, there's also an exercise room to keep you fit and energized. Nature enthusiasts will appreciate the presence of deer and a variety of birds, adding to the serene ambiance. Enjoy your morning coffee on the porch as hummingbirds flit about, adding a touch of magic to the start of your day. As night falls, watch the fireflies dance in the dark and, on rare occasions, catch a glimpse of the Northern Lights. The expansive deck offers stunning bay views, providing a peaceful spot to unwind and enjoy the tranquility of the surroundings. Be on the lookout for sting rays, dolphins, and playful rockfish adding life to the waters. Inside, the primary ensuite is a true sanctuary, boasting a ridiculously large space designed for rest and relaxation. It features an oversized closet perfect for dressing, and a bathroom area with plenty of room for two. A cozy fireplace, viewable from both the bathroom's jacuzzi tub and the reading area, adds a touch of luxury and warmth. This is a very rare opportunity, as there are only two other homes down this secluded drive, where the occupants have lived for decades. This is the place where lasting memories are made. Nestled amidst thousands of acres of wooded property, this home is adjacent to the renowned Calvert Cliff State Park, where you can explore and discover some of the largest shark teeth in the world. This property offers a harmonious blend of relaxation and adventure, making it a truly special place to call home.
Source: BRIGHT #MDCA2018594
Financials
Source: BRIGHT #MDCA2018594
Source: Public records
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%. 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.
Other resourcesWhat 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.
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