Price Reduce -- Beautiful water views surround this exceptional waterfront retreat at 216 Wilderness, offering an extraordinary 273 feet of shoreline on scenic Lake Keaton. Tucked within the highly sought-after gated community of Lake of the Woods, this lovingly maintained all-brick home combines privacy, comfort, recreation, and breathtaking natural beauty in one unforgettable setting. Fully renovated in 2026 and thoughtfully updated throughout, this home is designed for those who appreciate relaxed lake living with modern conveniences. Improvements this year (2025-26) include new luxury vinyl plank flooring, fresh paint, a new roof, 2 new bay windows, updated bathrooms, new carpeting, stylish lighting and ceiling fans, new screens and supports on the screened porch , a new dishwasher, new gutters, and a heat pump installed in 2023, 2 fireplaces — along with many additional upgrades. A whole-house generator provides added peace of mind. The spacious 4-bedroom, 3.5-bath layout is ideal for full-time living, weekend escapes, entertaining guests, working remotely, or simply enjoying a peaceful waterfront lifestyle. The heart of the home is the beautifully flowing kitchen, dining, and family room area, where expansive lake views create a bright and welcoming atmosphere. The kitchen features a granite island perfect for gathering, preparing meals, or enjoying quiet mornings overlooking the water. The primary suite is a private sanctuary featuring its own waterfront balcony — the perfect place to begin the day with coffee and calm lake breezes. A spacious walk-in closet and private bath complete the retreat. Additional bedrooms are generously sized and filled with natural light and tranquil water views. Large windows throughout the living and dining rooms invite the outdoors in and create a warm, relaxing ambiance throughout the home. The screened porch off the family room offers a seamless blend of indoor comfort and outdoor beauty — an inviting space for afternoon tea, sunset dinners, entertaining friends, or simply unwinding while enjoying peaceful lake views and gentle evening breezes. The lower level provides additional flexible living space ideal for a game room, recreation area, guest suite, or hobby space, complete with its own bedroom and bathroom. Abundant storage throughout the home adds even more functionality. Step outside and embrace true waterfront living. Fish from your private dock, launch a kayak, swim, boat, or simply relax along the bulkhead shoreline while taking in the beauty of the lake. There is room for a pontoon boat, and a paddleboat conveys with the property so your lake adventures can begin immediately. Kids and guests of all ages will find endless ways to enjoy this welcoming waterfront escape. Life at Lake of the Woods offers far more than just a beautiful home. Residents enjoy access to two lakes, nine sandy beaches, two community pools, tennis and pickleball courts, walking trails, fitness facilities, equestrian amenities for boarding and riding, camping areas, and a variety of clubs and social activities. Golf enthusiasts can also enjoy the community golf course with available memberships. Additional conveniences include 24-hour security, fire and rescue services, and community trash service. Whether you are searching for a year-round residence, a weekend retreat, or the ultimate staycation home, 216 Wilderness delivers the rare combination of expansive waterfront, updated living spaces, resort-style amenities, and an easy commute to Fredericksburg, Northern Virginia, Washington DC, and Richmond — along with nearby wineries, historic sites, shopping, dining, and healthcare facilities.This is more than a home — it is a lifestyle. Schedule your showing now as this house lives up to the description.
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.
