1613 Sailaway Cir Essex, MD 21221
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About this home
Waterfront Living in Middle River! Water-oriented community on Sue Creek • Deeded 41’ boat slip with 20,000 lb Hydro Hoist lift included • New roof + HVAC (2021) • Detached home with 1-car interior-access garage Located in the Hopewell Pointe community on Sue Creek, this detached 3-bedroom, 3.5-bath home offers waterfront amenities, recent system upgrades, and convenient access to nearby recreation. The main level features an open-concept living and dining area with hardwood floors, a powder room, and a kitchen with a breakfast bar and direct access to the deck. Upstairs, the primary suite includes an electric fireplace, a private ensuite bath, and a walk-in closet; two additional bedrooms and a hall bath complete this level. The finished lower level adds a flexible family/media room with walk-out to a paver patio plus a full bath, laundry, and storage. Major updates include a new roof and HVAC system (2021). The attached 1-car interior-access garage and private driveway provide convenient parking and storage. Community amenities along the waterfront include a boardwalk and walking trail, pier, outdoor pool and hot tub, and clubhouse; HOA covers landscaping and snow removal. A deeded 41-foot boat slip (#A16) with a 20,000 lb Hydro Hoist boat lift conveys, offering direct access to Sue Creek and Middle River for boating and paddleboarding. Nearby anchors include Bengies Drive-In Theatre (1.6 mi), Eastern Regional Park (1.8 mi), Creekside Bar & Grill (1.1 mi), Crazy Tuna Bar & Grille (1.7 mi), Food Lion (1.4 mi), and Starbucks (1.6 mi), with easy access to MD-150 (Eastern Blvd).
Source: BRIGHT #MDBC2141838
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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