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140 Jefferson Ave, Locust Grove, VA 22508
3 beds · 2 baths · 1,841 sqft
Welcome to this picture perfect, attractive and well maintained, comfortable split-bedroom rambler, nestled in the woods at Lake of the Woods Lake and Golf Community. When entering the foyer you will immediately feel at home. The 3 bedroom 2 bath home boosts spacious rooms with a kitchen with stainless steel appliances and ample counter space, pantry and cabinets that flows into the Breakfast area that opens to a screened porch and deck for relaxing and barbequing overlooking the private backyard. The large Living Room with the openness of the high ceiling and bright skylights along with the attractive fireplace for cozy winter days is the perfect setting for a great family living area. In addition there is a separate dining room for family holiday dinners and entertaining friends. The very spacious primary bedroom has it own sitting area and a very large walk-in closet and additional clothes closet . The primary bathroom has double sinks, separate shower stall, a jetted tub and a private “water” closet. Two addition bedrooms and second bathroom are on the other side of the house for total privacy. Three linen closets. Separate Laundry/Mud Room with shelving. Two car garage with storage space. Nicely landscaped yard on all sides and back. All in a Community with fun filled amenities including a two Lakes, 500 acre Main Lake and 24 Acre Keaton Fishing Lake, PGA Golf Course, 2 Restaurants -- Clubhouse and Fairway Cafe, two Olympic Swimming Pools, 9 Beaches, Equestrian Center, Tennis and Pickle Ball Courts, Dog Park, Basketball and Baseball areas, Playgrounds, Picnic and BBQ grounds, Community Center and planned activities for holidays throughout the year. This house is ready for you to make it your home!
Source: BRIGHT #VAOR2009876
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAOR2009876
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
No credit check. Takes 2 minutes.