Located in the gated community of High Knob, this 2022, amazing home offers breathtaking views of the Shenandoah Valley and a peaceful mountain setting. Set on a 0.50 acre lot, it provides plenty of space to enjoy the natural surroundings while still being just 6 miles from I 66 and the Town of Front Royal—making commuting, shopping, and dining easily accessible. Thoughtfully designed for true one level living, the home features 3 bedrooms and 2 full bathrooms, blending comfort, style, and functionality. Step inside from the covered front porch into an open concept layout where the living room, gourmet kitchen, and dining area flow seamlessly beneath vaulted ceilings, creating a bright and airy atmosphere. Modern, elegant finishes including granite, upgraded cabinets, and stainless-steel appliance. Wood floors and custom blinds carry throughout the home for a clean and cohesive look. The primary suite serves as a relaxing retreat with an ensuite bathroom and a spacious walk in closet. The additional 2 bedrooms share full bath* The unfinished basement, already rough plumbed for a future bathroom, offers excellent potential for expansion, whether you envision additional living space, a guest suite, a workshop, or simply extra storage. Step outside to the 20 X 10 deck with stairs that provide sweeping, elevated views of the Shenandoah Valley stretching for miles. From peaceful mornings with coffee to colorful evening sunsets, this space provides a front row seat to the natural beauty surrounding the home. The garage is perfect for car enthusiasts with windows and side door. Residents of High Knob enjoy a wide range of amenities, including a clubhouse, pool, tennis courts, playground, and year round community events. Pool access and road maintenance are included in the sanitary district fee, and the community benefits from public water service—no individual wells required. Outdoor enthusiasts will appreciate direct access to the Appalachian Trail, while abundant wildlife and the serene mountain setting complete the experience. Located just half a mile from the community center, this home offers the perfect blend of scenic mountain living and an active, amenity rich community.
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.
