Located in the heart of Orange County with convenient access to Culpeper, Fredericksburg, and Charlottesville, 269 Parker Place offers spacious three-level living, an open and functional layout, and the kind of room that makes everyday life feel comfortable and easy. This four-bedroom, 2.5-bath home immediately stands out for its size and openness. Brand new carpet has been installed throughout the home, making the property turn key and ready for immediate move in! Guests often comment on how spacious the home feels from the moment they walk through the door, and the layout was thoughtfully designed to create both functionality and comfortable gathering spaces throughout the main level. The family room serves as a central hub of the home, filled with natural light and anchored by a cozy wood-burning fireplace. Built-in surround sound adds to the atmosphere, creating an ideal setup for movie nights, entertaining, or simply relaxing at the end of the day. The open-concept flow between the main living spaces makes hosting easy and allows everyone to stay connected while still enjoying plenty of room to spread out. Upstairs, the oversized primary suite provides a true retreat within the home. One of the standout features is the upgraded primary closet with custom shelving and storage organization, giving the space a more elevated and functional feel. The attached primary bathroom includes both a soaking tub and separate stall shower, adding to the comfort and convenience of the suite. Outdoor living continues the appeal of the property with a fenced backyard that backs to trees, creating a more private setting to enjoy year-round. A rear deck offers plenty of room for comfortable outdoor seating, grilling, or entertaining guests. The attached garage and generous parking area also make everyday routines simple and practical. Additional updates include a hot water heater replacement in 2023 and a new AC fan installed in 2025, helping provide peace of mind for future owners. The neighborhood itself offers a welcoming atmosphere with partial sidewalks, a community playground, and a convenient location close to shopping, dining, and everyday necessities. Bright, open, and incredibly spacious, this home offers the flexibility, comfort, and convenience that make it easy to settle in and truly enjoy everyday living.
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.
