Experience the best of lake living at 25 Tara Woods Drive, a beautifully maintained 4-bedroom, 3-bath home on the highly desired public side of Lake Anna with an assigned boat slip just minutes away and seasonal water views. Perfectly timed for the upcoming spring and summer lake season, this immaculate property offers the ideal combination of comfort, recreation, and flexibility for full-time living, weekend retreats, or a vacation investment property. From the moment you arrive, the expansive wraparound front porch sets the tone for relaxed lake living, an inviting space to enjoy morning coffee, evening breezes, and peaceful surroundings. Inside, the home features a bright and open floor plan highlighted by vaulted ceilings, gleaming hardwood floors, and a striking stone fireplace that anchors the main living space. The gourmet kitchen is designed for entertaining and features abundant cabinetry, and seamless flow into the dining and living areas. The main-level primary suite offers convenience and privacy, while additional bedrooms and full baths provide plenty of space for family and guests on both levels. Just off the main living area, a screened porch provides lake views and overlooks the backyard, creating the perfect setting for outdoor dining, relaxing after a day on the water, or hosting friends during lake weekends.The finished walk-out basement dramatically expands the home’s living space and versatility. Featuring a partial kitchen, a private bedroom, a full bath, and an enormous recreation area, this level is ideal for guest accommodations, multi-generational living, or entertaining. The space opens directly onto a large covered patio, creating a seamless indoor-outdoor gathering space. Outside, the property continues to impress with a beautifully designed backyard built for lake lifestyle living, including a large fire pit area, kayak storage, a functional storage shed, and plenty of room to unwind after a day on the water. Car and boat enthusiasts alike will appreciate the detached two-car garage with new epoxy floors, insulated walls & a commercial-grade lift to the upper level, offering exceptional storage capacity for lake toys, gear, and seasonal items. The home also includes an accessibility ramp, enhancing ease of entry and long-term livability. Located just minutes from your assigned boat slip on the public side of Lake Anna, this property makes it effortless to spend long summer days boating, fishing, paddleboarding, and enjoying everything the lake lifestyle has to offer. Whether you’re searching for a Lake Anna vacation home, full-time residence, or lake-access investment property, this impeccably maintained home offers a rare opportunity to move in just in time to enjoy the best of lake season. Schedule your private showing today and start making memories at Lake Anna.
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.
