Welcome to your new sanctuary in the heart of South Stafford! This exquisite colonial home, set on over an acre of lush land, offers a unique blend of elegance, comfort, and outdoor enjoyment—without the constraints of an HOA. If you’ve been searching for a property that feels like a retreat while still being close to the conveniences of daily life, look no further! Step outside to discover your very own backyard paradise, featuring an inviting inground pool surrounded by a spacious patio area. Imagine hosting summer barbecues, pool parties, or simply unwinding with family and friends in this picturesque setting. The mature landscaping provides not only beauty but also privacy, creating a serene environment for relaxation and enjoyment. Whether you're soaking up the sun or enjoying a cool evening under the stars, this outdoor space is perfect for creating lasting memories. Upon entering the home, you're greeted by a warm and inviting atmosphere. The main level boasts a well-designed layout that includes a spacious living room filled with natural light, perfect for family gatherings or quiet evenings. There’s a private office area ideal for remote work or study, offering tranquility and focus. The formal dining room is perfect for hosting dinner parties and holiday celebrations. The heart of this home is the gourmet kitchen, a true chef’s delight. It features beautiful granite countertops, ample space for meal prep and entertaining, a stylish tile backsplash, and modern stainless steel appliances that make cooking a pleasure. This kitchen seamlessly flows into a cozy family room, complete with a charming brick fireplace and built-ins, creating the perfect spot for relaxation. From here, step out onto the deck, where you can savor your morning coffee or unwind with an evening cocktail while taking in the breathtaking views of your backyard oasis. The upper level of this home is just as impressive, featuring four spacious bedrooms, each offering ample space and natural light, perfect for family or guests. There are two full baths conveniently located to serve the bedrooms. The highlight of this level is the incredible primary suite, which provides a personal retreat. The renovated spa-like bath is a true standout, featuring a tile walk-in shower that offers both functionality and style, along with a soaking tub that is perfect for unwinding after a long day, providing a tranquil escape. The lower level of the home is an entertainer's dream. It features a huge rec room that is ideal for movie nights, game days, or simply hanging out with friends. There’s also a game room perfect for family fun and friendly competitions, along with an additional bedroom and full bath that are great for guests or as a private space for older children. This expansive basement offers endless possibilities for customization, allowing you to create the ultimate entertainment space tailored to your lifestyle. This beautiful colonial home in South Stafford is a rare find, combining elegant living with an incredible outdoor oasis. With over an acre of land, no HOA restrictions, and an array of features designed for comfort and enjoyment, it’s the perfect place to create your dream home. Don’t miss the opportunity to see this stunning property—schedule a showing today and prepare to fall in love! With all these exceptional features, this home will surely not last long! Visit us today and take the first step toward making this beautiful property your own!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
