**VA buyers, take note: this home features a rare 5.125% assumable VA loan, presenting a valuable opportunity to secure a below-market interest rate and maximize your purchasing power!** Welcome to 23351 Triple Crown Drive in Ruther Glen, VA—an exceptional three-story Colonial tucked away on a quiet cul-de-sac and one of the largest models in the neighborhood, offering an impressive 4,688 square feet of living space. (total) This spacious home features 4 generously sized bedrooms, 2.5 bathrooms, and a thoughtfully designed layout ideal for both everyday living and entertaining. A charming country front porch sets the tone, while the two-car garage and expansive footprint provide both comfort and convenience. Inside, the main level showcases a dramatic two-story family room with vaulted ceilings, a ceiling fan, a cozy gas fireplace and rear stairs that provide access to the third level, adding flexibility and convenience Elegant architectural details abound, including custom arched doorways throughout. The formal dining room is perfect for hosting, highlighted by a tray ceiling, crown molding, chair rail accents, large windows, and beautiful wood flooring. The heart of the home is the expansive eat-in kitchen, complete with recessed lighting, a center island with room for stools, pantry, gas cooking, and 42" cabinetry. Adjacent spaces include a welcoming formal living room, a private office, and a convenient half bath. A bright two-story foyer with wood flooring creates a grand first impression. Upstairs, the primary suite offers a peaceful retreat with vaulted ceilings, a ceiling fan, a walk-in closet, and a luxurious en-suite bath featuring French doors, double vanities, a large jetted soaking tub and separate shower. Additional bedrooms are spacious and filled with natural light. The unfinished basement offers approximately 1,500 square feet of additional space—ready for your vision, whether it’s a home gym, theater, or extra living area. (4,688 square feet total) Ideally located, this home offers easy access to major roadways including I-95, making commuting a breeze. Enjoy close proximity to shopping and dining options in nearby Ladysmith and Ashland, as well as popular attractions like Kings Dominion and Meadow Event Park. Medical facilities, grocery stores, and everyday conveniences are just minutes away, blending peaceful suburban living with accessibility. Just minutes to 301, I95, shopping & dining, less than 10 miles to Kings Dominion, 15 miles to the new Kalahari Resort, less than 15 miles to Fort A.P. Hill, about 20 miles to the Fredericksburg VA Health Care Center, less than 30 miles to Massaponax, about 30 miles to Mary Washington Hospital, Central Park or Richmond and less than 40 miles to Dahlgren Naval Base. This is a rare opportunity to own a spacious, feature-rich home in a desirable location—schedule your tour today!
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.
