26694 Pemberton Dr Salisbury, MD 21801
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About this home
Beautiful tree lined and paved driveway that leads to a colonial style 5 bedroom/4.5 bath estate. This home sits on 7.43 acres . This estate is situated off of the well established and sought after area of Pemberton Dr. The home features a 2 story foyer with a grand staircase and marble flooring, a formal dining room, family room with fireplace, kitchen with granite countertops and stainless steel appliances and includes a casual dining area with an additional fireplace and window seat, a front office/library where there is a wet bar that is accessible by opening a door in this room as well as another door in the casual dining area for easy entertaining. There is a first floor bedroom with private bath and additional half bath on main floor. There is an additional rear staircase in the kitchen for easy upstairs bedroom access. The second floor features a master bedroom with two closets - one of them being a cedar closet, private bath and private balcony that overlook the backyard. There is an additional 2nd floor bonus room currently used as a bedroom with an additional private balcony, and additional bedrooms and bathroom. Off the kitchen is a spacious patio that leads the way to the horse stable and backyard. This property features a 5 stall horse stable - one stall is 12x18, four stalls are 12x12, and a 12x6 stall that can be made into a 12x18 by combining it with a 12x12. The barn also offers a tack room. There is a 10x16 shed that was used as a former equestrian store. Recent solar panels we're installed and lease will be transferred to the new owner.
Source: BRIGHT #MDWC2018910
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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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