A significant price improvement creates an exceptional opportunity to own a quality-built brick estate on 21 private acres in one of Central Virginia's most desirable countryside settings. The sellers have found their next home and are ready to begin their next chapter, creating a rare chance to purchase this remarkable property at an extraordinary value. Rare opportunity: 21 private wooded acres, no HOA, Firefly fiber internet, and the combination of privacy, flexibility, and convenience. Everything Charlottesville offers without the Charlottesville price tag. Built with the quality and permanence that buyers increasingly struggle to find today, this all-brick residence offers timeless craftsmanship, hardwood floors throughout, generous living spaces, and the enduring value of true brick construction. 4,500+ SF meticulously maintained home designed for gathering, hosting, and multi-generational living. Dual primary suites, including a main-level suite for comfortable one-level living and a second upstairs suite with sitting room and private bath. Home office, hardwood floors, gas fireplace, and a gourmet kitchen with granite countertops, walk-in pantry, and butler's pantry built for holidays, celebrations, and everyday life. Walk-out terrace level with recreation room, media room, workout space, full bath, and laundry. Remote-work ready. 21 wooded acres with creek, fire pit, wildlife, and covered front porch. Lake access one mile away. Private well and septic. No HOA. Second septic location previously approved offers expansion opportunities for a future guest cottage, in-law suite, or additional dwelling. Detached garage with walk-up bonus space. Move-in ready with fresh paint (2026), new HVAC (2024), Generac whole-house generator, and inspected septic (2026). 10 minutes to Gordonsville, 15 minutes to Zion Crossroads, and 30 minutes to Charlottesville. Named "Best Little Main Street in Virginia" by Southern Living. Near Keswick Vineyards, Barboursville Vineyards, and Castle Hill Cider in the heart of Virginia wine and horse country. A 2024 appraisal valued the property at $1,200,000. Now offered at $999,900. This is a meticulously maintained, quality-built brick estate that has been thoughtfully cared for and lightly lived in. The opportunity here is not the condition of the home, but the timing. The sellers are ready to move forward, and their next chapter creates an exceptional opportunity for the next owner. Privacy. Flexibility. Freedom. 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.
