515 N Kent St Chestertown, MD 21620
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About this home
Welcome to 515 N Kent Street in the heart of Chestertown! This charming two story home features a half-circle driveway, 1-car attached garage, and inviting brick patio leading to the front door. Step inside and you’ll love the gorgeous hardwood floors throughout the main level (2022). The formal living room showcases a wood-burning fireplace with a brick mantel, creating a warm and welcoming space. The kitchen and dining room were completely updated in 2022 with custom Amish cabinetry, quartz countertops, a farm sink, and a large island—perfect for cooking and gathering. Just off the kitchen, the laundry room offers washer/dryer, ample storage, and eye-catching brick tile flooring. From here, step into the cozy family room with wood stove, built-ins, and access to the screened porch and brick patio overlooking the private backyard. A full bath with shower and matching brick tile floors is conveniently located off the family room and garage entry. Upstairs, you’ll find four spacious bedrooms with carpet and a full bath with tub/shower. The partial basement with French drain provides flexible space for storage or playroom use, with indoor/outdoor access. This home has been well maintained with numerous updates: sewer line replaced (2017), new heat pump with central AC (2018), 50-year architectural shingle roof (2019), breaker panel and hot water heater (2024). A truly move-in ready home with character, comfort, and thoughtful upgrades—don’t miss this one!
Source: BRIGHT #MDKE2005592
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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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