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103 Patrick Henry Ct, Locust Grove, VA 22508
3 beds · 2 baths · 1,521 sqft
One-Level Living with Oversized Garage, Wrap-Around Deck & New Systems in Lake of the Woods! This 3-bedroom, 2-bath rambler offers comfort, space, and unbeatable value in the amenity-rich Lake of the Woods community. Inside, you'll find a spacious living room with a cozy stone fireplace, a large kitchen with stainless steel appliances, and plenty of cabinet storage. The primary suite includes a walk-in closet and private full bath. The hot water heater is brand new, and the roof and HVAC were replaced in 2016, offering peace of mind for years to come. Need extra room? The oversized two-car garage provides ample space for storage, projects, or hobbies. Outside, relax or entertain on the expansive wrap-around covered deck, surrounded by peaceful wooded views. Live the Lake of the Woods Lifestyle Whether you’re a full-time resident, weekend visitor, or investor, this home is a perfect fit in one of the area’s most sought-after gated communities—with the best value currently available. Private lake with boating and beaches PGA golf course & driving range Clubhouse dining overlooking the lake Fitness center, pools & nature trails Parks, playgrounds, dog park, and community events 24/7 security patrols Location Highlights Just minutes from shopping, dining, historic attractions, wineries, and major commuter routes. Whether you're looking for a peaceful primary home, a weekend getaway, or a strong rental investment, this property checks all the boxes. Schedule your tour today and see why this is the best value in Lake of the Woods!
Source: BRIGHT #VAOR2009912
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAOR2009912
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
No credit check. Takes 2 minutes.