CUSTOM-BUILT HOME ON 10 PRIVATE ACRES WITH MAJOR UPDATES! Discover the perfect blend of privacy, modern convenience, and peaceful country living in this beautifully maintained custom-built raised rambler offering over 4,000 square feet of living space. Natural light fills the home through oversized windows, highlighting the soaring vaulted ceilings, crown molding, and beautiful hardwood and laminate flooring throughout the main living areas. The spacious gourmet kitchen is designed for both everyday living and entertaining, featuring quartz countertops, stainless steel appliances, a wall oven and microwave combination, abundant counter space, and an adjoining dining area. The expansive primary suite offers a spacious walk-in closet and a beautifully appointed en suite bath. Extensively updated for peace of mind, this home features two newer HVAC systems installed in 2023 and 2024, a hybrid heat pump water heater, updated Andersen windows, new exterior doors, a Generac 24kW whole-home generator with a 500-gallon propane tank, fiber internet, and whole-home HVAC air purification systems. The nearly 1,500-square-foot unfinished walkout basement offers endless possibilities for future expansion, while the expansive rear deck provides the perfect place to relax and enjoy the peaceful wooded surroundings. The property has also been thoughtfully improved with cleared acreage, a fenced area for pets, mature landscaping, and numerous additional updates throughout. Situated just minutes from Lake Anna State Park, you'll enjoy convenient access to boating, fishing, hiking, and countless outdoor activities while still coming home to the privacy and serenity of your own 10-acre retreat. Opportunities like this are rare. Schedule your private tour today before this incredible property is gone!
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.
