Beautiful 4-bedroom, 3-bath rambler on 3.75 acres with in-law suite potential & modern upgrades. This well-kept, charming home offers the perfect blend of comfort, style, and functionality. With a beautiful view of rolling fields, this home provides a serene retreat while still offering thoughtful modern conveniences. Inside, the main level welcomes you with gleaming hardwood floors and a bright, open layout. The kitchen flows seamlessly into the living room, where a cathedral ceiling creates an airy, spacious feel—perfect for both everyday living and entertaining. All windows feature built-in blinds for a clean, streamlined look. A main-level laundry room adds convenience, while the inviting front porch sets the tone for the home’s warm and welcoming atmosphere. The primary suite is a true escape, featuring a reinforced private deck—ideal for a hot tub, relaxing with a good book, or enjoying your morning coffee in peace. Two additional bedrooms and two full baths complete the main floor. The finished basement offers incredible flexibility, with a large living area, a full bath, and a possible fourth bedroom (not to code). With its own entrance, this space is perfect for an in-law suite, guest quarters, or a home office. Recent upgrades include a brand-new roof, new solar panels for energy efficiency, water softener/filtration system, modern security system, and a high-end HVAC system with propane backup heat (tank is owned). The attached garage is equipped with an electric car charger, and the wide driveway can easily accommodate 8–10 vehicles—ideal for large family gatherings. A shed in the yard provides extra storage for tools and equipment. An outdoor spigot with hot and cold water makes car washing and outdoor cleanup a breeze. Whether you’re relaxing on the deck, hosting friends in the spacious yard, or exploring your own wooded acreage, this property offers a lifestyle that’s both peaceful and practical, and only 6 miles to downtown Culpeper.
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.
