130 Morningside Dr
Culpeper, VA 22701
3 beds · 2 baths · 1,785 sqft
$359,000
Get prequalified130 Morningside Dr
Culpeper, VA 22701
3 beds · 2 baths · 1,785 sqft
$359,000
Get prequalified🏡 Coming Soon in the Heart of Culpeper! All-Brick Charmer Under $400K 🌟 Welcome to this solid and stylish all-brick rambler perfectly located in the town of Culpeper! This 3-bedroom, 2-bath gem is an ideal starter home that blends classic character with practical updates — all for under $400,000! Step inside to find beautiful hardwood floors flowing throughout the main living spaces. The home features a spacious living room, a sunroom filled with natural light, and a functional kitchen ready for your personal touch. The full basement offers tons of potential with a separate game room and lots of storage space — create a rec room, gym, or workshop — and the oversized 2-car garage provides convenience and extra storage. Need even more space? The pulldown attic stairs lead to a floored attic with plywood for easy access to all your seasonal items. Other highlights include: ✅ New windows installed in 2018 throughout most of the home (sunroom excluded) ✅ Classic brick exterior for low maintenance ✅ Great lot and location — close to shopping, dining, and commuter routes This is your chance to own a solid, well-built home in a sought-after location — and make it your own. Don’t wait — opportunities like this don’t come along every day!
Source: BRIGHT #VACU2010836
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.