Set on over 9 acres, this home is your gateway to a life that balances tranquility with connection. Welcome to your own peaceful paradise on a quiet private road, where nature, space, and serenity come together in a beautifully maintained Colonial farmhouse. This 5-bedroom, 3-bath home offers a warm and inviting atmosphere with the perfect blend of privacy and community. Step through the front door into a welcoming foyer that opens to a bright, airy living room with vaulted ceilings and a fireplace that anchors the space. The open kitchen and breakfast area enjoy serene wooded views, flowing effortlessly into the adjacent family room. The primary suite offers privacy and comfort with its own ensuite bath. Downstairs, the finished walkout lower level adds exceptional versatility. Complete with a sink, refrigerator (creating an almost full kitchen setup), living area, bedroom, and full bath, this space is well-suited for in-law quarters, extended guest stays, or potential income-generating use. From a private apartment-style retreat to multi-generational living, the layout supports it. A partial-home generator provides electricity to key portions of the home, adding peace of mind and reliability. Outdoor living truly sets this property apart. Start your mornings with coffee on the inviting wraparound porch and take in sunset views from the expansive rear deck. The fully fenced backyard features a dedicated outdoor theater space with swing seating and a fire pit, creating a one-of-a-kind setting for entertaining. An adjoining stone patio expands your options for dining and gathering under the open sky. Parking is never an issue with a two-car garage plus 3-4 additional driveway spaces. Above the garage, a private bedroom with an egress window offers versatile space for guests, a teen suite, or a home office. The home is situated in a welcoming, peaceful neighborhood. This property has the peace and safety to walk your pets without traffic worries, while still being close to charming Downtown Culpeper, UVA in Charlottesville, and key commuter routes, including VRE stations, park & rides, and access to EZ-Pass express lanes. Plus, it’s close to military bases, Shenandoah parks, farmers' markets, and cool historic spots like Colonial Williamsburg. Secluded comfort meets easy access. A few updates could make this gem shine even brighter, so bring your vision and make it yours.
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.
