822 Kimberly Way Stevensville, MD 21666
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About this home
***Price Improvement*** Create a life you won't want to escape from in this 4 BR, 2.5 bath water access home in highly sought after Cloverfields community! The unique floor plan is perfect for multi-generational living; you have two large primary suites to choose from, one on the main floor with an attached full bath to include a jetted tub, separate shower and huge walk-in closet. The bright open kitchen sports tons of storage, granite counters, and dual ovens in your gas range. Upstairs boasts spacious rooms complemented by a bonus space perfect for an office, library, or the gamers in your household. The upstairs laundry even gets a bright room of its own with raised front loads that make necessary chores a little less dreary. There are no worries on the mechanical front either - there's a brand new (2025) hybrid HVAC system with a 10-yr warranty that makes heating and cooling very energy efficient! From the new gutter guards (2025) to the insulated crawl space, your new home is highly efficient with a tankless water heater and a propane pre-buy program. Outside, the relaxation and no worry lifestyle continues! There's plenty of room for everyone on the large deck (complete with real wood furniture that conveys) overlooking your fenced backyard with native landscaping, mature shade trees, and a stone fire pit. The oversized garage/workshop includes a workbench with storage space while a separate shed gives you plenty of space to store lawn equipment or beach toys. That's right - you can walk to the beach, passing the large community pool on the way! This family friendly neighborhood has it all with HOA fees of less than $17/month. Spend your day at the beach, come home to a crab feast on the deck, and close the night out around the fire pit building lifelong memories! Located in Cloverfields water privileged community with water & community amenities along the Chester River. Enjoy the community boat launch ramp & slips for rent, community beach with netted swimming area, Community pool and more!
Source: BRIGHT #MDQA2013562
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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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