YOU FOUND IT! Welcome to 111 Ginger Lane in the premier community of EMBREY MILL. Just nine years young, this well-maintained 4 bedroom, 3.5 bath home offers nearly 3,600 finished square feet of comfortable living to spread out and enjoy. The OPEN FLOOR PLAN features a spacious kitchen with a large island, GAS COOKING, pantry, hardwood floors, MAIN LEVEL LAUNDRY ROOM and seamless flow into the breakfast area and family room with a gas fireplace. A dedicated HOME OFFICE and formal dining room provides additional flexibility for work and entertaining. Upstairs, the generous master suite includes cathedral ceilings, a walk-in closet and en-suite bath with a walk-in shower and double vanity, along with three additional bedrooms and a full bath. The FULLY FINISHED BASEMENT with FULL BATHROOM features a large recreation room, bonus room, hobby room, providing plenty of space for guests, hobbies or recreation. Recent updates add peace of mind, including a dishwasher and refrigerator replaced in 2024, a hot water heater replaced in 2022 and whole-house water treatment system. Outside you will enjoy the relaxing front porch, rear stamped concrete patio, fully FENCED BACKYARD and rear-entry two-car garage. Living in Embrey Mill means access to one of Stafford County’s most popular communities, featuring resort-style pool, walking trails, parks, playgrounds, community events, and convenient access to I-95, Quantico, shopping and dining. Whether commuting to Northern Virginia or enjoying local amenities close to home, Embrey Mill offers a lifestyle that combines convenience, recreation, and community. This one offers tremendous value. Homes like this WON’T LAST, so MOVE FAST to make it yours!
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.
