Open House Saturday 2-7 from 1-4 PM. Imagine everyday living like a peaceful weekend getaway at this stately 4 bedroom and 3.5 bath residence in King George, VA on a premium corner lot in the amenity-rich Hopyard Farm community - where everyday living feels like a retreat! The elegant main level interior flows seamlessly from a welcoming foyer to the formal living and dining areas, and onto a bright family room with a gas fireplace. Adjacent to the family room is an artfully designed kitchen connected to a bright sitting room with access to a sizable deck and large rear yard fully fenced, providing plenty of desirable space for indoor and outdoor entertaining and gatherings over delicious meals. Completing the main level are the convenient laundry room with Samsung full-size washer and dryer, and a half bath. The upper level features a retreat-like primary suite designed with a walk-in closet and an ensuite spa-like bath with a jacuzzi tub. 3 more generously-sized bedrooms and another full bath in the hallway grace the upper level. Retreat to the fully finished basement complete with two spacious bonus rooms with closets that can be used as 5th and 6th bedrooms, another full bath with a shower stall, a second kitchen and laundry area with space-efficient washer and dryer offering flexible living space for guests, extended stay company or entertaining. Easily access the rear yard from the basement through the walk-out stairs. Take advantage of resort-style community amenities within walking distance, including a state-of-the-art clubhouse with fitness and gathering spaces, Olympic-sized outdoor pool, tennis/pickleball courts, billiards and media rooms, multiple playgrounds and walking trails. Rappahannock River access for boating, kayaking, fishing and paddle sports, all within a neighborhood that connects you to scenic parks, historic Fredericksburg’s shopping and dining, commuter rail and major routes like Routes 3, 301 and I-95 for easy travel. Recent Upgrades and Improvements: 2026 - New sink in main level half bath; 2025 - New 6’ fence with 4’ extensions on top; updated bathrooms fixtures on on levels; remodeled basement and luxury vinyl plank flooring; 2024 - hardwood steps; flooring in upper level baths; new washer, dishwasher, stove, main level and 2nd floor bath fixtures, ceiling fans with lights and remotes in all bedrooms. 2023- New luxury vinyl flooring in the family room, kitchen and laundry area. 2022 - New shower in the basement. 2020 - New 14x16 deck, storm door, kitchen counters. Additional pleasures: Ring video on front and rear doors, extended driveway for 4 cars, trash included in HOA. More to see and experience! Don’t miss out making this home and community a rare opportunity for relaxed and active living in Virginia’s River Region. See virtual video tour and floor plans in the listing. You’ll be proud to call this “Home”!
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.
