GENERATIONAL OPPORTUNITY IN FAUQUIER COUNTY! Properties like this one rarely go up for sale, don't miss the chance to come and see ALL this property has to offer! Welcome to 5099 Courtneys Corner Rd. Situated on a working 15-acre cattle/horse farm- this beautiful brick Colonial features 3-stories of living space with 4 bedrooms and 3 bathrooms. The main level features an upgraded kitchen (2021) with granite counter tops, 42" oak cabinetry and newer wood floors throughout. A charming formal dining room with crown moulding and wainscoting is the perfect area to have family dinners or host company. The living room features a cozy brick fire place with a gas log. The full bath on the main level was renovated in (2022) and features a custom glass walk-in shower. The upper level features 4 bedrooms and 2 full bathrooms. The primary suite features a walk-in closet and a fully renovated bathroom (2022) with a custom glass walk-in shower. The lower level features exterior access (walk-out) and a den that can be utilized as a bonus room or gun/trophy room. The lower level is fully insulated, conditioned, and has a wood stove that features a blower system tied into the ductwork- saving you $$$ on energy bills during the winter months or providing added reassurance for an alternative heat source. The attached 2-bay garage features upgraded insulated garage doors, ample parking space, and attic access (w/plywood) for bonus storage. Step outside onto the covered 16'x 12' deck to enjoy the beautiful wooded views. Continuing outside, the property has a fully insulated 24' x 24' detached garage on a concrete slab. An 18' x 21' carport stands on a concrete slab beside the detached garage giving you additional storage for cars, equipment, or toys. Behind the garage is heated dog kennel that stands on a concrete slab and is fenced in. The property has a private, cleared 100 yard shooting range on it as well. There is a 8' x 10' metal shed used for wood storage and is on a concrete slab. The home has been upgraded and meticulously maintained. Exterior upgrades include: Metal roof (2018) w/ a lifetime warranty, 6" jumbo gutters (2018), newer HVAC system (2020), brand new windows (2026), new insulated garage doors (2023), new well pump (2023), and a new septic pump (2023). The farm side of the property features a large open gravel lot with a custom-welded steel gate for added security. The gravel lot is spacious and has ample parking for heavy equipment or trailers (will accommodate a 32' trailer). A 40' x 16' pole barn (with metal roof) and a 8' x 6' over hang gives you ample storage for farm equipment. There are two- 2 stall buildings- the larger stall building is 16' x 24' and the smaller stall building is 10' x 20'. Both stall buildings have electric and feature livestock fans. The main barn is 18' x 20' and features a hayloft w/ a steel beam for added strength. A 10' x 20' enclosed tractor bay with a new 9' garage door runs off the main barn. There is a 11' x 20' overhang off the main barn for additional covered storage for equipment. Additional outbuildings/structures include: 8' x 12' pole barn, 8' x 12' tack shed, and a 13' x 13' saw dust pit. The livestock pastures are fenced in with new board and ram fencing with all new electric wiring. Covered livestock feeders and a 12' x 18' run-in shed can be found in the rolling pastures. A 3/4 of an acre pond with a depth over 8' provides a water source for livestock. A brand new water pump (2025) was installed for the livestock watering troughs. The pond also provides an excellent source for family fun as it is fully stocked with an array of fish including bass, bluegill, crappie, and catfish! This property quite literally has it ALL, don't miss this once in a lifetime opportunity. Schedule your private tour of 5099 Courtneys Corner Rd 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.
