Nestled into a picturesque partly-wooded two-acre lot in the sought-after Oakleigh II community, a gated subdivision on the private side of Lake Anna, this expansive water-access retreat offers nearly 4,000 square feet of living space and an assigned boat slip (A10), just steps away—creating the perfect, laid-back lake lifestyle. With high-speed fiber internet from Firefly, this opportunity is equally suited for full-time living or weekend escapes from reality. Inside, the wide-open living room is anchored by vaulted ceilings and a seamless layout, all enhanced by a blend of hardwood flooring and brand-new luxury plank recently installed by the sellers throughout the home. The thoughtfully-designed kitchen offers generous pantry storage, stainless appliances, and connects easily to the main living spaces, ideal for gathering and entertaining. The large main-level primary suite features an upgraded en suite bathroom with double vanity, soaking tub, and large tiled walk-in shower with niche, as well as a spacious walk-in closet. Two guest bedrooms and a full bath on the main level provide comfortable space for family and visitors, while the finished basement adds another guest bedroom suite with full bathroom, additional recreation/living space, and a full-sized pool table that conveys for added enjoyment. Refined outdoor living takes center stage here with a freshly painted, oversized back deck, complete with a fun tiki bar stubbed for your propane gas BBQ—perfect for hosting on warm Saturday afternoons—alongside a massive screened porch (16x16) overlooking the peaceful backyard. An enormous detached carport (30x30), attached garage, whole house generator, and large storage shed compliment with functionality, while the home’s close proximity to the community water access area ensures you’re never far from your own assigned boat slip (A10) and, most importantly, time on the lake. Recent upgrades include new roof in 2020, new HVAC in 2020, new hot water heater in 2019, new water pump bladder (2020), whole house water filter (2026). Location is perfect: only minutes away from groceries, local restaurants, The Lake Anna Taphouse, Coffee & Creamery, ABC, a vet clinic, nail salon, and more. Less than an hour to nearby Richmond, Charlottesville, and Fredericksburg, and just 82 miles from our nation's capital, Washington DC.
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.
