Looking for a VA Assumable Loan on a Custom Craftman Home with AMAZING upgrades??? This is the ONE! **Your Private Retreat Awaits: Exquisite Craftsman Log Home on 8 Acres!** Are you searching for a serene escape that blends luxury with the charm of a custom craftsman log home? Look no further! This meticulously updated property offers the ultimate private retreat, nestled on **8 lush acres** within a tranquil subdivision, free from HOA restrictions. Upon entering, you’ll be captivated by the **soaring beam ceilings** and elegant wood trim, complemented by stunning shiplap walls that create an inviting warmth and character. The **open floor plan** unites the spacious great room—featuring a cozy gas fireplace—with an expansive kitchen and dining area, perfect for both entertaining and everyday living. The heart of this home is its beautifully appointed kitchen, showcasing **brand new appliances** and generous counter space, a culinary dream for any home chef. The first-floor primary suite serves as a luxurious sanctuary, complete with a private bath and a large walk-in closet. Upstairs, another primary bedroom with an en suite bath and a cozy loft overlooks the grand great room, offering a perfect retreat for guests. Descend to the lower level, where a separate entrance leads to a versatile space ideal for visiting family, an in-law suite, or a potential short-term rental. This area includes an additional bedroom, a full bath, and a dedicated office space, along with ample storage. Step outside to discover your expansive **TimberTech deck**, designed for relaxation and enjoying the beautiful surroundings. The property boasts a remarkable **40’ x 50’ detached garage workshop**—ideal for hobbyists and entrepreneurs—with oversized doors, an office area, and a car lift. A **15’ x 35’ lean-to** provides even more space for woodworking or equipment storage. With a new metal roof, upgraded HVAC system, and impeccably maintained exterior, this home combines stunning aesthetics with practical living. Just moments from Lake Anna, you can enjoy sun-soaked days on the water, embracing the outdoor lifestyle you've always dreamed of. This craftsman log home is not just a house; it's a private sanctuary that offers the perfect blend of modern comforts and rustic charm. Don’t miss your chance to own this exceptional property—schedule your private tour today and experience firsthand the unique allure of this retreat! Here is more detailed information on the renovations: HVAC system replaced, new metal roof installed and outside re-stained and sealed in 2022. New Gutters, Tankless Hot Water Heater, and kitchen appliances added in 2023. New carpet just installed in the main floor bedroom October 2025. VA assumable loan!
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.
