4960 Joshua Thomas Rd Crisfield, MD 21817
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About this home
Discover an exquisite lifestyle in this stunning Cape Cod residence nestled in the prestigious Annemessex Ridge community. Spanning over 3,000 square feet, this home boasts an open floor plan that seamlessly blends elegance with comfort. The heart of the home features a country-style kitchen equipped with high-end appliances, including a built-in microwave, range, and dishwasher, complemented by a spacious island and pantry for culinary enthusiasts. Retreat to the luxurious bathroom, where a soaking tub invites relaxation, while the walk-in closets provide ample storage. The interior is adorned with rich hardwood and ceramic tile flooring, enhancing the sophisticated ambiance throughout. Enjoy the convenience of main-floor laundry and ceiling fans that ensure year-round comfort. Step outside to a beautifully landscaped 0.55-acre corner lot, complete with a private dock site on the tranquil Annemessex Canal, perfect for boating and fishing. The outdoor space features a charming porch and an outbuilding for additional storage, while the rip-rapped shoreline adds a touch of coastal charm. With an oversized side-entry garage and a concrete driveway, parking is a breeze. This property not only offers breathtaking water views but also grants access to navigable waters, making it a haven for water enthusiasts. Experience the ultimate in luxury living, where every detail has been thoughtfully curated for an exclusive lifestyle. Don't miss your chance to own this remarkable home!
Source: BRIGHT #MDSO2006522
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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.