Completely renovated home on acreage in Spotsylvania VA offering space, privacy, and modern upgrades just minutes from shopping, dining, and commuter routes. Located in the desirable Courthouse Crossings community, this updated Cape Cod sits on 2.38 private wooded acres and features over 4,400 square feet of finished living space, making it an ideal choice for buyers searching for homes with land in Spotsylvania County. This 5-bedroom, 3.5-bath home (including a finished lower-level bedroom) has been extensively upgraded and is truly move-in ready. Major system updates include a new roof and gutters (2025), two new HVAC systems (2025), and a newer water heater (2024)—providing long-term peace of mind for today’s buyers. Inside, the home has been fully refreshed with newly refinished hardwood floors, fresh interior paint, and recently updated primary bathroom and guest bedroom, all completed just prior to listing. The main level offers a highly desirable layout with a primary suite on the main floor, formal dining room, and an open-concept kitchen that flows into the main living areas—perfect for everyday living and entertaining. Upstairs features generously sized bedrooms and flexible living space, while the fully finished basement expands the home’s versatility with a second kitchen, full bathroom, and additional bedroom (NTC)—ideal for buyers looking for multi-generational living, in-law suite options, or a private guest space. Outdoor living is just as impressive with a private wooded lot, expansive yard space, and room to enjoy the peaceful setting. Buyers searching for homes with acreage near Fredericksburg, homes with finished basements, or move-in ready homes in Spotsylvania will appreciate the rare combination of upgrades, square footage, and land this property offers. Conveniently located near Southpoint, I-95, and major commuter routes, this home delivers both privacy and accessibility—an increasingly rare find in today’s market. Homes for sale in Spotsylvania VA with this level of renovation, acreage, and flexibility are limited—schedule your showing today.
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.
