Peaceful living on a grand scale! Tucked away on 21 quiet, wooded acres in the exclusive Bowlers Mill Lake Estates, this stunning 6,500 SF brick colonial offers exceptional privacy and thoughtful design at every turn. An expansive covered front porch with stately columns welcomes you into a dramatic two-story foyer that sets the tone for the elegant living spaces beyond. The main level features a luxurious primary suite with bay window sitting area, spa-like ensuite bath, expansive walk-in closet, and private entrance with no stairs required. The heart of the home is the expansive gourmet kitchen, designed for both everyday living and effortless entertaining with not one but two pantries: a generous walk-in and a convenient butler's pantry. Formal living and dining rooms flank the foyer, while a cozy fireplace creates the perfect gathering spot for family and friends. Upstairs, you'll find a second primary suite, an oversized bedroom with its own ensuite bath and private sitting room, ideal for guests, multi-generational living, or a luxurious retreat. Two additional spacious bedrooms share a large bath with attached dressing area, and a front-facing office with French door access to the balcony provides inspiring wooded views and a quiet workspace overlooking the tree canopy. The bright walk-out terrace level expands your living and entertaining options with a sunny recreation room opening directly to the side yard, perfect for game days, parties, or casual hangouts. Dedicated media room sets the stage for movie nights, while the workout space keeps fitness convenient. Full bathroom and laundry complete this versatile lower level. This meticulously maintained home features numerous recent updates including fresh interior paint throughout (2026), new upstairs HVAC system (May 2024), Generac generator with new battery (installed 2020, battery 2025), high-speed Firefly fiber internet (2024), new refrigerator (2023), hot water heater (2023), water pressure tank and pump (2024), and garbage disposal (2025). Dimmer switches and USB outlets added throughout (2025). The septic system was professionally inspected and pumped in April 2026 with report available. Septic pump replaced in 2023, control panel replaced and leak repaired in 2026. Exterior updates include a beautiful Pella front door (2021), new back door (2025), and roof flashing replaced around chimney (2024). The basement was professionally finished in 2017, and the detached 2-car garage with walk-up bonus space was constructed in 2019, perfect for workshop, studio, or abundant storage. Surrounded by mature hardwoods offering complete seclusion and daily visits from deer, wild turkeys, and songbirds, yet less than 10 minutes from Gordonsville's beloved Main Street with its farm-to-table dining and boutique shopping. Timeless brick construction, central vacuum system (motor replaced 2024), and turnkey condition throughout. Bowlers Mill Lake Estates. Your land. Your life.
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.
