Welcome to White Tail Ridge! New ROOF 2017, SS appliances, refrigerator & W/D new in 2023. Nestled on 2.01 pastoral acres, this spacious 4 BR 2.5 BA home features a charming front porch perfect for afternoon gatherings overlooking the mountain woodland view. The front porch beckons visitors to enter the vaulted foyer, lovely half bath with custom vanity & office or private studio space & on to a wonderfully open kitchen space with breakfast bar, island & eat in kitchen area with views to the rear of the property. Entertain guests in the formal dining & living room with lovely chair molding & windows to both the mountain views in front & field & tree line to the rear of the 2.01 acres. The rear deck off family room is perfect for dining & entertaining in the serene outdoor setting surrounded by rolling hills & tree lines off a little country lane. Room to stretch & grow, garden, enjoy the outdoors while still plenty of room to invite friends & family & share a good meal, a nice fire in the family room fireplace off the rear deck, or movie night as a family with plenty of room for that big comfy sectional! The full basement offers the opportunity for abundant space to grow with double sliding door to side yard. The full laundry open to the ample double garage w/ plenty of storage. Guests will enjoy plenty of off the lane parking in the roomy paved parking area outside garage just steps from the front porch steps. Plenty of room for the bicycles, kayaks, canoe & more! The roomy primary bedroom faces mountain woodland views to the front of the home & features an en-suite bath with shower and soaking tub, double vanities & plenty of natural light as well as a spacious walk in master closet. The upper sun drenched landing opens to three bedrooms & shares a lovely full bath & additional hall linen closet. We love the location off Blue Mountain Road just a few mile from the Rt 50 & Rt 17 intersection near beautiful Sky Meadow. Nearby Jim's Country Store offers a wonderful variety of soups, chili, sandwiches, burgers, beverages & more for convenience close to home. There is a Citizens Convenience Center trash collection at the bottom of Blue Mountain next to the little convenience grocery store, too! And the RIVER! What a wonderful commuter drive along the Shenandoah out to Rt. 50 along Howellsville. There are lots of boat launches & areas to put in kayaks & canoes not far from the home. Bring the fishing poles!
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.
