***PRICE IMPROVEMENT***OPEN HOUSE 1-3 PM, SATURDAY, MARCH 28*** There’s something deeply satisfying about a home that’s already been thoughtfully improved, where the big projects are done, the details are dialed in, and you can simply move in and start living. This three-level Colonial in Highpoint of Culpeper delivers exactly that, with over $66,000 in upgrades completed and 3,292 finished square feet designed to flex with your life. The refreshed exterior sets the tone immediately. A newly updated front façade with steel entry doors and storm doors adds presence and durability, while new shutters and outdoor lighting give the home crisp definition day and night. It’s the kind of curb appeal that feels confident without trying too hard. Step inside and you’re welcomed by hardwood flooring that now flows throughout the entire main level and up the staircase, replacing carpet with timeless warmth and resilience. The living and dining rooms feature new carpet and statement chandeliers that elevate everyday moments, whether it’s a quiet dinner or a full table of guests. The powder room has been remodeled with a new vanity and sleek one-piece toilet, creating a clean, modern look in a space that often gets overlooked. The kitchen is where the transformation truly shines. Quartz countertops stretch across a generous prep space and the center island, paired with a stainless steel sink and updated faucets. A double oven and five-burner stovetop offer flexibility for everything from weeknight meals to ambitious holiday cooking. The new Samsung refrigerator—with customizable doors—adds a contemporary edge. And new French doors from the kitchen to the patio invite natural light in while making indoor-outdoor entertaining feel effortless. The adjoining family room is built for connection. A fireplace anchors the space, ceiling fans with integrated lighting add comfort, and smart plugs and upgraded electrical outlets on the main level bring modern convenience into everyday life. It’s open, welcoming, and ready for everything from movie nights to quiet mornings with coffee. Upstairs, four generously sized bedrooms provide versatility for work, rest, or creative space. Each bedroom features ceiling fans with attached lighting, and bathrooms have been refreshed with updated fixtures and chair-height toilets for added comfort. The primary suite remains a retreat in every sense, complete with a soaking tub, separate shower, and walk-in closet, your personal reset at the end of the day. The fully finished walkout basement expands the possibilities even further. New laminate flooring gives the lower level a polished, durable finish. A fifth bedroom and full bath create flexible accommodations, while the open recreation area is ready for a game table, fitness zone, studio, or lounge. A new stackable washer and dryer add convenience, and major systems have been addressed with a replaced air conditioning unit in 2023 and a new water heater in 2025. Out back, a newly installed private 5.5 ft wooden fence defines the yard and adds function to the outdoor space. The screened porch and deck remain favorite features, ideal for relaxed evenings, weekend gatherings, or simply enjoying the rhythm of the seasons. Highpoint of Culpeper offers common area maintenance through the HOA, allowing you to enjoy nearby parks, local dining, and the charm of historic downtown Culpeper with less upkeep on your to-do list. Easy access to US-15 and US-29 keeps regional travel straightforward while home stays a peaceful retreat. With five bedrooms, 3.5 baths, a walkout lower level, hardwood main floor and stairs, quartz kitchen upgrades, refreshed baths, updated lighting, modern appliances, new fencing, and over $66,000 invested in meaningful improvements, this isn’t just a house with space. It’s a home that’s been elevated—inside and out.
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.
