Enjoy beautiful lake-access living on the public side of Lake Anna with assigned boat slip #36 just a short walk from the home, high-speed FiberLync internet, and gorgeous seasonal glimpses of the lake. Exceptionally well-maintained and move-in ready, this charming one-level home offers the perfect combination of comfort, convenience, and the laid-back lifestyle that makes Lake Anna such a special place to call home. Furniture is negotiable! Inside, you'll find 1,440 square feet of inviting living space featuring an open floor plan designed for easy everyday living and entertaining. The spacious family room flows seamlessly into the dining area and kitchen, creating a welcoming gathering space for family and friends. A separate living room offers additional flexibility for a second sitting area, home office, hobby space, or game room. The split-bedroom floor plan provides privacy, with 3 bedrooms and 2 full bathrooms thoughtfully positioned throughout the home. Step outside and enjoy peaceful mornings on the covered front porch as the sun rises over the countryside. The beautifully maintained yard showcases attractive landscaping, garden beds, and a stamped concrete sidewalk that adds to the home's curb appeal. The paved driveway, installed in 2022 and freshly sealed in June 2026, provides plenty of parking for guests, boats, and trailers. Multiple storage sheds offer incredible versatility, including one with heat and air conditioning and another with a wall-mounted heater, making them ideal for workshops, hobbies, storage, or creative spaces. A generator hookup is already in place, and the portable generator conveys with the sale! This home has been lovingly cared for, with major updates already completed, including a new roof in 2025 and the septic system pumped in September 2025. The location is hard to beat. Take a short stroll to your assigned boat slip and spend your days cruising the lake. By water, you're just minutes from popular waterfront restaurants, marinas, coffee shops, ice cream stops, and The Lake Anna Taphouse. By land, you'll appreciate the convenient access to groceries, dining, fast food, a veterinary clinic, the ABC store, and everyday essentials. Less than two hours from Washington, D.C., and convenient to both Orange and Fredericksburg, this property makes an ideal full-time residence, weekend getaway, or lake retreat. Peaceful views, a dedicated boat slip, one-level living, and an unbeatable Lake Anna location makes this the kind of property that lets you truly enjoy everything Lake Anna has to offer.
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.
