Stunning Colonial Retreat with In‑Ground Pool on a Serene, Wooded 2+ Acre Lot with a Finished Basement! Discover this beautiful center‑hall colonia, in sought after Estates of Chancellorsville, offering the perfect blend of elegance and tranquility. Nestled on a private, wooded lot, this home feels like your own peaceful oasis. Enjoy summer days relaxing by the sparkling in‑ground pool or entertaining in the spacious backyard. From the expansive deck, pergola, and firepit to the beautifully landscaped grounds, you’ll savor the quiet and privacy this property provides. Inside, the main level showcases hardwood floors and a thoughtful layout designed for both everyday living and entertaining. The newly remodeled kitchen features gas cooking, abundant cabinetry, and modern finishes, opening seamlessly to the family room where a cozy gas fireplace creates a warm and inviting atmosphere. A formal living room and dining room add timeless elegance, perfect for gatherings and celebrations. The main level also includes a powder room and a versatile office that can serve as a fourth bedroom or flex space, offering options to suit your lifestyle. Upstairs, the owner’s suite is a true showpiece, designed to impress with its sheer size and thoughtful details. A striking accent wall adds character to the vaulted bedroom, while the expansive layout easily accommodates a sitting area or reading nook. The oversized walk‑in closet provides abundant storage, and the updated spa‑like bathroom features dual vanities, a garden tub, and a walk‑in shower — blending modern finishes with everyday luxury. Two additional bedrooms upstairs are equally spacious, offering comfort and versatility for family or guests. They share an upgraded hall bath, beautifully refreshed with contemporary fixtures and finishes, ensuring both style and convenience. The finished basement offers a tremendous amount of space and endless possibilities. With its walk‑out access and full bath, it’s ideal for recreation, a home gym, media room, or even a guest suite. Whether you envision entertaining, hobbies, or simply extra storage, this level provides the flexibility to bring your imagination to life. This home combines practical updates with timeless charm, offering everything from everyday comfort to exceptional entertaining spaces. With over two acres of wooded privacy, an in‑ground pool, and a location in one of the area’s most desirable communities, this colonial retreat is ready to welcome you home.
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.
