Tucked away on nearly 14 wooded acres, this private retreat offers the space, flexibility, and lifestyle buyers are actively searching for. This 6-bedroom, 3.5-bath home combines an open floor plan with true seclusion, making it ideal for multi-generational living, large households, or anyone craving privacy without sacrificing convenience. Step into the stunning great room featuring vaulted wood ceilings and a two-story wood-burning fireplace, the perfect centerpiece for gathering and everyday living. The open kitchen includes a center island, bay window, and abundant cabinetry, flowing seamlessly into the main living areas. The main-floor primary suite provides convenience and comfort, while the private in-law quarters offers incredible versatility for extended family, guests, or a home office setup. Outside, the property truly shines. Enjoy 13.99 acres of wooded land complete with trails, a natural creek, and abundant wildlife. Whether you're sipping coffee on the oversized deck, hosting summer gatherings by the pool, or enjoying the basketball court, this property delivers a lifestyle that’s hard to find. Recent updates include a new roof, new well pump, updated lighting, new carpet, and improvements to the primary bath and kitchen. Zoned heating and cooling adds efficiency and comfort year-round. Located just minutes from Warrenton and Jonesburg, this one-of-a-kind property offers total privacy with convenient access to everyday amenities. If you've been searching for acreage, privacy, and space to truly live, this is the one!
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.
