6032 Melbourne Ave Deale, MD 20751
Your savings
About this home
Fully renovated in 2020, this stunning home offers over 2,000 sq. ft. of living space with an open floor plan and charming coastal flair—perfectly suited for life near the Chesapeake Bay. The main level features a gorgeous kitchen with upgraded countertops, stainless steel appliances, and custom cabinetry. The kitchen flows seamlessly into the dining area and spacious living room, while French doors lead to a versatile bonus room. A main-level primary suite with a full bath adds convenience and comfort. Upstairs, you'll find a large family room with a peek of the Bay, an additional primary suite with en suite bath and sliding doors leading to a rear deck—perfect for enjoying your morning coffee. A third bedroom completes the upper level. Step outside to your fully fenced backyard, ideal for entertaining. Enjoy the rear deck, fire pit area, playset, and plenty of space for family gatherings. Located just steps from the Chesapeake Bay—take a peaceful stroll along the shore or relax at the community pier. Home qualifies for 100% USDA financing—making this coastal retreat even more accessible!. Flood insurance in not required.
Source: BRIGHT #MDAA2128242
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.