Rare opportunity to own one of the most distinctive homes in Regency at Creekside, situated on a double corner lot bordering protected open space the community will never develop. With over 3,500 square feet, more than $75,000 in seller upgrades, and an interior finish well beyond a typical new build, 6202 Chancellorsville Dr delivers a lifestyle that is genuinely hard to replicate. Step through the front porch into a dramatic two-story foyer with a soaring 15-foot ceiling and full oak staircase. The open main level features 10-foot ceilings, crown molding, custom ceiling treatments, and designer wall paneling throughout. A double-sided fireplace clad in floor-to-ceiling stacked stone anchors the living room while opening directly to the patio, so the warmth carries seamlessly from inside to out. A private office enclosed by custom French doors, with an ornate custom ceiling treatment and designer paneling, rounds out an impressive main floor. The primary suite is in a category of its own. Extended 10 feet beyond the standard footprint, it flows into an oversized sitting room that overlooks the backyard through French doors to the patio. Designer wall paneling, tray ceiling detailing, and crown molding create a hotel-like ambiance. The en-suite bath features dual vanity, quartz countertops, and a walk-in glass shower with floor-to-ceiling tile. The custom walk-in closet is a true luxury build-out with integrated LED lighting, a 160-pair motorized shoe carousel, a velvet-lined jewelry organizer, and a built-in laundry chute. A second bedroom and full bath on the main level are ideal for guests. The second floor opens to a bright, expansive loft suited as a media room or recreation space, alongside a third bedroom, full bath, and utility area. A large attic provides exceptional storage capacity rarely found in the community. Out back, a premium Techo-Bloc multi-level patio with elegant stonework wraps the rear of the home, and the indoor/outdoor fireplace extends the entertaining season into cooler months. French doors from both the primary suite and living area open directly onto the patio. Out front, the corner position yields an approximately 60-foot driveway with a 4-foot turnaround. The garage is extended 4 feet beyond the standard footprint and includes an EV charging port, a side door, and automated Trimlight holiday lighting. Regency at Creekside offers resort-style amenities including a clubhouse, pickleball and tennis courts, indoor and outdoor pools, paved walking paths, and a fishing pond. The HOA covers snow removal for driveways and sidewalks. Conveniently located near Harris Teeter, Aldi, Walmart, and Target, with easy access to I-66 and multiple nearby parks.
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.
