Lake and mountain views, a private in-ground pool, and an adjoining .63-acre lot — this beautifully updated Shawneeland home sits on .37 acres and conveys with an additional .63 acre of record (Tax Map ID #49A031A13A), for approximately 1 acre of mountain privacy. Filled with natural light, the home features hardwood floors, fireplaces throughout, and a renovated kitchen with quartz countertops, upgraded appliances, and a gorgeous blue tile backsplash. The charming breakfast nook is the perfect spot to start the day, while the stunning brick sunroom captures sweeping views of the lake, pool, mountains, and surrounding landscape from every angle. Whether used as a home bar, creative studio, plant room, or simply a place to unwind and gather, this is a space you'll never want to leave. The spacious primary suite offers an updated bath with beautiful tile work, a soaking tub, separate shower, and generous walk-in closet, and a fully finished walkout basement adds flexible living space below. Outside, the in-ground pool, thoughtful landscaping, and peaceful surroundings make the entire property feel like a private escape. Set against the backdrop of Great North Mountain, Shawneeland offers a spring-fed lake, sandy Cherokee Beach, playgrounds, fishing, and hiking trails — all with a low annual sanitary district fee and no traditional HOA. You're minutes from George Washington National Forest, roughly 12 miles from Historic Downtown Winchester's shops, wineries, and Old Town walking mall, and the same distance from Winchester Medical Center, the region's flagship hospital. Quick access to Routes 50, 522, and I-81 puts Northern Virginia and Washington, D.C. (about 90 miles) within reach — making this an ideal full-time residence or weekend mountain retreat. Frederick County Public Schools. New 40-year roof installed in 2020. Storage shed conveys. Xfinity highspeed internet available.
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.
