4246 Madonna Rd Jarrettsville, MD 21084
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About this home
Welcome to Shoulderbone Farm – A Timeless Retreat Nestled on 203 breathtaking acres, Shoulderbone Farm is a rare gem that seamlessly blends historic charm with modern luxury. This extraordinary property offers an unparalleled setting for horse and hound or those seeking a private country retreat. The farm’s equestrian facilities feature a large bank barn with a spacious hayloft, eight stalls, a run-in shed, and a utilities shed that includes a heated tack room with a sink, ample space for farm equipment, and a two-car garage. An automatic water system runs throughout. Multiple jumps are integrated into the fencerows, and expansive level areas provide the perfect setting for schooling in carriage driving, mallet sports, dressage, or jumping. "The Little Deer Creek" meanders gracefully through the property, adding to its serene beauty. The residence is a striking blend of history and elegance. The six-bedroom, five-and-a-half-bath home features a newly renovated first-floor primary suite and an updated kitchen, both designed to honor the home's original character while embracing modern sophistication. The oversized sitting and kitchen area offer stunning, panoramic views of the pastures, creating a tranquil and inviting atmosphere. The original dining room, dating back to the 1700s, showcases a beautifully preserved fireplace, a testament to the home’s rich heritage. A charming spring house provides an additional private retreat, perfect as a reading nook or guest space with its own bath. Beyond the barns and pastures, the estate boasts rolling fields, scenic ponds, and extensive riding trails, inviting exploration and outdoor enjoyment. Whether you envision an active equestrian lifestyle or a peaceful countryside escape, Shoulderbone Farm presents a truly unique opportunity to own a piece of Maryland’s countryside legacy.
Source: BRIGHT #MDHR2041948
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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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