49716 Airedele Rd Ridge, MD 20680
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About this home
✨ Waterfront living meets income potential ✨ Fantastic opportunity—perfect as a primary residence, second home, multi-generational retreat, or income-producing property with strong potential for VRBO, Airbnb, vacation rental, or long-term rental. Seller is motivated and will carefully consider ALL OFFERS. Bring your best offer and let’s get the process started. Located within easy reach of Washington, D.C., Baltimore, Annapolis, and Virginia, this waterfront home is a short trip from major cities, making it an ideal weekend escape or year-round residence. Prime location near local universities and amenities also creates consistent demand for both short- and long-term rentals. Seller is highly motivated, making this an incredible chance to secure waterfront property with lifestyle and investment potential. This spacious home on Scenic St. Jerome’s Creek, just minutes from the Chesapeake Bay, offers 275 feet of direct water frontage and a private pier with electricity, boat lift, fish cleaning station, and bench seating. With 6 bedrooms, 3 bathrooms, and nearly 4,000 sq. ft., the home offers versatility for year-round living, extended families, or an income-producing retreat. Enjoy water views from the kitchen, dining area, ensuite baths, and six of the bedrooms. The main level features a gourmet kitchen with granite countertops, custom cabinetry, island, and tile floors, opening to a formal dining room. A large living room with a bar and see-through fireplace is ideal for entertaining. The main-level primary ensuite includes dual vanities and a full bath. A spacious laundry room with cabinetry, sink, and stall shower adjoins a flex room suitable as an office, guest room, or bedroom. The lower level includes one bedroom, one office, and a study with back stair access. Upstairs offers three bedrooms, an office/bedroom, a second family room/loft with decorative fireplace, and three full baths including a spa-like ensuite with soaking tub and water views. Flooring includes carpet in bedrooms, tile in kitchen/baths, and luxury vinyl plank throughout the rest of the home. Additional highlights include spiral and back staircases, bay and casement windows, attached 1-car garage/workshop with Kobalt cabinetry, detached 1-car garage, two sheds, public sewer, well water, no HOA, and parking for six vehicles. Recent updates: roof, gutters, downspouts, and windows (2014–2015); washer/dryer & dishwasher (approx. 6 yrs); refrigerator (2023); HVAC serviced (2025). Propane fuels the fireplace; oil heating system in place. A 1-year home warranty is included. Seller is highly motivated—bring your offer today!
Source: BRIGHT #MDSM2027168
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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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