29830 Crossman Rd Marion Station, MD 21838
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About this home
Back to Active Welcome to this extraordinary 4-bedroom, 2-bath, 2 1/2-bath waterfront retreat nestled along the serene shores of Marumsco Creek. Offering over 13 acres of pristine natural beauty, this distinguished property delivers an unparalleled blend of elegance, privacy, and outdoor adventure. Step inside and be captivated by the grand chef’s kitchen—an entertainer’s dream—boasting high-end stainless steel appliances, gleaming granite countertops, and a spacious open-concept design perfect for gatherings. The main level showcases a sumptuous primary suite featuring a spa-inspired ensuite bath, a private office, and an expansive sunroom where you can unwind and take in the tranquil views of your private lake. Upstairs, you’ll find three generously appointed bedrooms, two full baths, and a versatile flex space ideal for a home office or potential fifth bedroom. The third floor opens up endless possibilities with a fully wired and plumbed bonus space—perfect for a home theater, game room, bar, or personalized retreat. Outdoors, experience the best of Eastern Shore living. Cast a line into your private lake, fed directly by the creek, or enjoy kayaking and canoeing right from your backyard. A spacious deck invites elegant al fresco entertaining, while the detached two-car garage with an upper-level apartment adds further flexibility and potential for guests or income. Ideally located just minutes from UMES, Salisbury University, Chincoteague, and Ocean City, this rare gem offers the best of luxury living with the charm of the Eastern Shore. Sale to include Parcel# 2003046699. 7 ACRES END OF CROSSMAN RD E/MARION
Source: BRIGHT #MDSO2005884
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.