Nestled within the prestigious Liberty Hall community, this exquisite Craftsman-style residence, built in 2021, offers a harmonious blend of luxury and comfort, set against a backdrop of lush landscaping on a sprawling 1.53-acre lot. The exterior showcases a stunning combination of vinyl siding and stone, exuding timeless elegance while ensuring durability. Step inside to discover an expansive, thoughtfully designed interior that boasts five spacious bedrooms and four and a half opulent bathrooms. The open floor plan seamlessly integrates the gourmet kitchen with the living and dining areas, creating an inviting space perfect for both entertaining and everyday living. The kitchen is a chef's dream, featuring upgraded countertops, a generous island, and stainless steel appliances, including a built-in microwave, dishwasher, and refrigerator. The butler's pantry adds an extra touch of sophistication, providing ample storage and prep space. Natural light floods the home through strategically placed windows, highlighting the exquisite details such as chair railings and recessed lighting. The living area is perfect for intimate gatherings or quiet evenings at home. Each bedroom is designed with comfort in mind, featuring walk-in closets that provide ample storage and organization. The luxurious bathrooms are a true retreat, with features like walk-in showers and elegant tub-shower combinations, ensuring a spa-like experience at home. The upper-level laundry room adds convenience to daily routines, while the fully finished basement, complete with a walkout level, offers additional living space that can be tailored to your lifestyle-be it a home theater, gym, or playroom. Step outside to enjoy the privacy of the grounds, complete with a lawn sprinkler system that ensures your outdoor oasis remains vibrant year-round. Multiple outdoor spaces, including an porch, expansive deck with remote, retractable shades, and an inviting patio which provides the perfect setting for alfresco dining or simply soaking in the serene surroundings. With a side-entry attached garage accommodating three vehicles and a driveway that can host up to twelve additional cars, this property is designed for both functionality and elegance. Experience the exclusive lifestyle that this remarkable home offers, where luxury meets comfort in every detail. Conveniently located near 95 for commuters and Warrenton Road for the needs of every day essentials.
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.
