One of a kind and unforgettable, this exceptional Colonial welcomes you with breathtaking curb appeal, highlighted by raised flower beds and a charming Southern-style covered front porch that invites you to slow down and stay awhile. An additional covered porch off the family room, complete with skylights, creates the perfect setting to unwind—imagine relaxing with your favorite evening beverage while gazing at the stars, or starting your morning with a warm cup of coffee as snow gently falls around you. Perfectly situated on a flat and usable 2-acre lot, this property is a dream for car enthusiasts and hobbyists alike. The spacious three-car garage, wide driveway, and expansive grounds offer endless possibilities, including room to add a detached outbuilding, workshop, or hobby shed. Inside, the thoughtfully designed main level offers both elegance and functionality. A private office, living room, and dining room flow seamlessly into the heart of the home—the kitchen—featuring granite countertops, a center island, peninsula seating, and a sunlit morning room that fills the space with natural light. The kitchen opens to the inviting family room, where a cozy pellet stove creates warmth and ambiance. The walk-out lower level expands your entertainment options with a spacious recreation room, wet bar, exercise room, half bathroom, and you could install your own private sauna—an ideal retreat for relaxation and wellness. Upstairs, you’ll find four generously sized bedrooms, a versatile den, hall bathroom, and the luxurious primary suite. Designed to feel like your own private spa, the primary bedroom features a stunning stone gas fireplace, creating a peaceful and serene retreat. The attached primary bath offers a soaking tub, separate shower, and an extraordinary walk-in closet the size of a bedroom. The convenience of an upper-level laundry room adds ease to everyday living. Numerous recent updates provide peace of mind, including septic pumped (2026), well pump serviced (2025), washer and dryer (2025), electric water heater (2025), garage door openers (2025), fence and powder room (2024), exterior painting (2023), microwave (2022), and a remodeled basement and refrigerator (2020). Tucked away in the picturesque Union Bridge countryside, this remarkable home offers the perfect balance of privacy, comfort, and versatility, with endless space to host both indoor and outdoor gatherings. It is a rare opportunity to own a truly special property where every detail has been designed for living well.
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.
