Nestled on 2 beautiful acres in the heart of Spotsylvania County, this charming country retreat offers the perfect combination of peaceful living, functional space, and timeless character. With nearly 1,300 square feet of inviting living space, this delightful home welcomes you with warmth, comfort, and the kind of setting that instantly feels like home. Surrounded by mature trees and open outdoor space, 12700 Post Oak Road provides the privacy and tranquility so many buyers are searching for. Inside, you’ll find cozy yet functional living areas filled with natural light and charming details throughout. The bathroom features heated floors for an added touch of everyday luxury, while the electric heat-pump system provides year-round comfort and efficiency. Step outside and discover everything this property has to offer beyond the home itself. A massive 1,000 +/- square foot detached two-car garage provides endless possibilities with additional space ideal for a home office, studio, workshop, hobby area, or extra storage. The rear garage entrance adds convenience and flexibility for equipment, projects, or recreational vehicles. Two additional storage sheds (12x16 and 10x12) further enhance the property’s versatility and functionality. Garden enthusiasts and outdoor lovers will especially appreciate the property’s two separate wells — a 54’ bore well dedicated for gardening and outdoor use, along with a 124’ drilled well servicing the home. Whether you dream of gardening, homesteading, creating outdoor entertaining spaces, or simply enjoying peaceful country living, this property offers the room and resources to make it happen. Relax on the deck, enjoy the quiet sounds of nature, and take in the beauty of this serene countryside setting — all while remaining conveniently located to shopping, dining, and commuter routes. Rarely does a property combine charm, acreage, utility, and opportunity quite like this one.
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.
