590 Vaught Dr
Front Royal, VA 22630
5 beds · 3 baths · 4,560 sqft
$470,000
Get prequalified590 Vaught Dr
Front Royal, VA 22630
5 beds · 3 baths · 4,560 sqft
$470,000
Get prequalifiedTucked away in the scenic Shenandoah Farms Mountain Lake Division, this oversized rambler offers the perfect blend of privacy, space, and comfort on a wooded 1.2-acre lot. Whether you're looking for year-round living or a weekend getaway, this property delivers the ideal mountain retreat experience. Boasting 3+ bedrooms, this home offers flexibility for growing households, guests, or remote work needs. The heart of the home is an oversized family room, perfect for gatherings, movie nights, or cozy evenings by the stone fireplace - each stone was handpicked from the Shenandoah River. The finished basement expands your living space even further, complete with a Sitting/Rec Room, Den, and Exercise Room—ideal for entertaining or relaxing. Step outside and enjoy the beauty of nature from multiple decks, perfect for entertaining, grilling, or simply soaking in the peace and quiet of the surrounding trees. The wooded lot offers both beauty and privacy, making outdoor living a true pleasure. A standout feature is the charming "She Shed" or potential Man Cave—an ideal creative space, workshop, or quiet getaway tailored to your lifestyle. With community lake access and a tranquil setting just a short drive to Front Royal and the Shenandoah River, this property offers the serenity of rural living with modern conveniences nearby.
Source: BRIGHT #VAWR2011600
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.