Escape to the country and make your dreams a reality on this exceptional 13.9-acre property in picturesque Richardsville, Virginia. With no HOA and no restrictive covenants, this rare offering provides the freedom to create the lifestyle you've always imagined—whether that's homesteading, hobby farming, gardening, hunting, raising animals, or simply enjoying the peace and privacy of rural living. The thoughtfully designed home features 3 bedrooms and 2 full bathrooms, including a spacious primary suite with a walk-in closet and private bath complete with double vanities, a soaking tub, and walk-in shower. The kitchen is equipped with an island, wall oven, and cooktop, while the wood-burning stove adds warmth and charm throughout the cooler months. Outdoor living shines with a covered front porch, screened porch with hot tub, above-ground pool with surrounding deck, tranquil koi pond, and gazebo overlooking the beautiful grounds. Garden enthusiasts will appreciate the established garden area featuring both irrigation and electric fencing to help protect your harvest. For those seeking a self-sufficient lifestyle, the property is ready to go with a poultry house, chicken coops, and ample space for additional livestock. Two large workshop sheds offer electric service, water, and air conditioning, creating ideal spaces for hobbies, equipment storage, home businesses, or workshop use. Nestled between the scenic Rappahannock and Rapidan Rivers in Culpeper County, the property offers easy access to outdoor recreation, fishing, kayaking, wildlife viewing, and hunting opportunities. With open space, mature landscaping, and endless possibilities, this is more than just a home, it's a place to build the life you've always wanted. Experience the freedom, beauty, and potential of country living at its finest.
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.
