MULTIPLE OFFER RECEIVED! BEST AND FINAL OFFERS DUE BY 12PM WEDNESDAY 6/3! Welcome to 312 Bon Air Drive, an exceptional Country Estate where luxury, privacy, and resort-style living come together on a picturesque .51-acre homesite backing to a serene wooded setting. Offering over 3,021 square feet of beautifully appointed living space, this impressive 4-bedroom, 3.5-bath residence has been thoughtfully updated with a stunning newer kitchen, beautifully renovated bathrooms, and a spacious, flowing floor plan designed for both everyday comfort and elegant entertaining. The heart of the home is the gourmet kitchen, featuring a large eat-at center island, beautiful granite countertops, stainless steel appliances, abundant cabinetry, a walk-in pantry, and a dedicated dining area perfect for casual meals or hosting family gatherings. The adjoining living and entertaining spaces provide an ideal blend of warmth and sophistication, while zoned HVAC ensures year-round comfort and owned solar panels ($416.15/month - assumable loan) offer enhanced energy efficiency. Upstairs, you'll find the convenience of upper-level laundry, generously sized secondary bedrooms, and a luxurious primary suite complete with a spa-inspired bath and ample closet space, and a walk-up attic - perfect for all your storage needs! The fully finished, walk-out basement expands the home's versatility with an additional full bathroom and exceptional bonus living space ideal for a media room, game room, home gym, guest accommodations, or multi-generational living. Step outside and discover your own private backyard oasis, perfectly timed for summer enjoyment. Relax or entertain on the expansive 19' x 16' Trex deck overlooking the beautifully landscaped grounds, gather with friends around the custom natural gas fire pit area, or unwind beneath the gazebo/cabana while enjoying views of the stunning 32’ x 16’ inground saltwater pool. A large paver patio creates the perfect setting for outdoor dining and entertaining, while the sprawling lawn, mature landscaping, storage shed, and tranquil wooded backdrop provide a level of privacy and serenity rarely found. Combining timeless elegance, thoughtful upgrades, and an unparalleled outdoor living experience, this extraordinary property offers the luxury lifestyle you've been searching for in one of Williamstown's most desirable settings. Schedule your private tour today!
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.
