From morning coffee to your evening wine, life on the water just feels different here. Welcome to this beautifully renovated and exceptionally private waterfront retreat nestled along Morattico Creek in Virginia’s Northern Neck. Whether you’re starting your day with coffee overlooking the water or unwinding in the evening as the sun sets, this property offers the kind of lifestyle people come to the Northern Neck to find. Inside, panoramic water views become part of everyday life. Whether you're gathered around the kitchen island, relaxing in the living room, or preparing meals in the beautifully updated kitchen featuring a stunning blue backsplash, the water is constantly in view. The primary bedroom and one of the secondary bedrooms also enjoy peaceful waterfront views, creating a relaxing retreat throughout the home. This thoughtfully renovated 3-bedroom, 2-bath home features an inviting open-concept floor plan with split bedrooms, three walk-in closets, and a spacious primary bath with walk-in shower. The secondary bath offers a soaking tub, perfect for relaxing after a day on the water. Set on approximately 4+ private acres, the property offers the perfect blend of privacy, comfort, and natural beauty. The sandy-bottom shoreline makes launching kayaks easy, while the peaceful creek setting provides frequent sightings of herons along the shoreline, eagles gliding overhead, and fish jumping in the water. Outdoor living is equally impressive with a spacious deck, large screened gazebo with electricity, and fire pit area—ideal for alfresco dining, entertaining guests, or simply relaxing and taking in the waterfront surroundings. Additional features include a detached cinderblock garage/shed with electric and water, plus a septic setup for RV hookup—offering added flexibility for guests or recreational use. All appliances convey, including the gas range, dishwasher, refrigerator, microwave, washer, and dryer. Located just minutes by boat to the Rappahannock River and nearby Whelan’s Marina, you’ll enjoy easy access to boating, fishing, waterfront dining, and adventures out to the Chesapeake Bay beyond. By car, enjoy convenient access to the charming towns of Kilmarnock, Warsaw, Irvington, and Urbanna for restaurants, wineries, boutique shopping, and entertainment. The property also offers broadband fiber optic internet availability, making remote work or streaming easy while still enjoying the peaceful waterfront lifestyle. If you’ve been searching for a waterfront property that offers panoramic views, privacy, acreage, and the true Northern Neck lifestyle experience, this is one you don’t want to miss.
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.
