Luxury meets lake living at 12301 Fawn Lake Parkway — a turnkey colonial that feels brand new and beautifully balanced between comfort and sophistication. Set within a popular community that lives like a resort, this home captures modern design, timeless detail, and the ease of everyday lake life. Tucked on over half an acre across from the water in Fawn Lake, this Corsica model by Ryan Homes is a sought-after floor plan. Every inch feels purposeful and current — from the stone-accented façade to the refined interiors that balance livable warmth with luxury detail. Just a three-minute stroll from the lake itself, this address delivers both serenity and convenience. Fawn Lake’s resort-style amenities include an Arnold Palmer-designed golf course, clubhouse and restaurant, community pool, tennis and pickleball center, walking trails, and the breathtaking 288-acre private lake at the heart of it all. The curb appeal is striking — dark blue siding contrasted by natural stone, a deep burgundy front door, and newly landscaped gardens framed by crepe myrtles, fresh seed and aeration, and privacy evergreens. The side-loading two-car garage and widened asphalt driveway make daily living effortless, while the rear deck opens to tall trees and peaceful privacy. Inside, light luxury vinyl plank flooring, upgraded hardware, and custom details set a refined tone. A French-door office sits near the entry — perfect for work-from-home days — while the open main living space centers around a stone gas fireplace. The family room transitions seamlessly into the show-stopping kitchen: a massive island with white quartzite counters, full-height, custom backsplash, under-cabinet lighting, stainless appliances, and a walk-in pantry built for real life. Four spacious bedrooms anchor the upper level, including a primary suite that feels like a private spa. Dual walk-ins, a Roman shower, dual vanities, and a private water closet create a daily retreat. Two of the secondary bedrooms — and the loft just outside them — capture tranquil lake views that frame the sunrise beautifully. The upstairs laundry room (complete with sink and conveying appliances) adds practical luxury. The fully finished lower level offers an additional dimension of living: a true media room with theater ambiance, a large recreation room, full bath, and fifth bedroom. Designer accent walls in cyber gray keep the look fresh and modern, and the walk-out access brings in natural light. Beyond the gates, Route 3 and everyday conveniences are minutes away, while Downtown Fredericksburg, Orange, and Culpeper are within half an hour. Yet at home, you’ll feel a world apart — surrounded by lake breezes, tall trees, and the quiet confidence that comes with a property built right and maintained perfectly. This is a rare opportunity to live across from the lake, surrounded by resort-level amenities, in a home that feels as fresh as the day it was built.
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.
