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246 Locust Ln, Edinburg, VA 22824
5 beds · 4 baths · 2,950 sqft
This fully renovated 5-bedroom, 3.5-bath home offers the ease of one-level living with endless possibilities! Every detail has been updated, including all new fixtures, appliances, smoke detectors, and doors. Enjoy brand-new vinyl flooring throughout, with plush carpet in the bedrooms. A versatile bonus room offers the potential for a 6th bedroom or home office. The property also features a separate tiny home—perfect for additional living quarters or a home-based business. The downstairs space could serve as a private apartment, complete with a kitchenette, full bathroom, and its own private entrance leading to a personal patio. Outside, enjoy a barn with power, a wood shed for the outdoor wood-burning furnace, and both 30 and 50-amp camper hookups. The property is abundant with wildlife and offers stunning views. Perfect for hunters, while nearby Stoney Creek, stocked with trout, is a dream for fishing enthusiasts. Conveniently located close to I-81 for an easy commute, this unique 15+ acre property is ready to welcome its new owners!
Source: BRIGHT #VASH2010960
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 #VASH2010960
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.
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