*Seller offering assumable 2.25% interest rate to qualified Buyers!* A stately approach welcomes guests to this elegant French colonial estate, where gracious living spaces unfold across more than 4,000 square feet. Thoughtfully designed for both intimate gatherings and grand entertaining, the Home features beautifully proportioned rooms, abundant natural light, and seamless indoor-outdoor connectivity. An extraordinary 4+ acre property located in the heart of Virginia's Horse and Wine Country- conveniently located across from the Warrenton Training Center. This beautiful, one-of-a-kind property has been exceptionally-well maintained by previous and current owners. Four bedrooms, 4.5 baths in total. High-end finishes include beamed tongue-and-groove ceiling, generous moldings and wainscotting, front and rear staircases, covered front porch, sundrenched, premium ash hardwood floors, elevated ceilings, living room gas fireplace, plentiful Andersen-windows, Hardie shingle siding, extensive hardscape, beautiful lawn, updated Trane systems, 1+ Giga-byte internet and whole house, emergency Briggs and Stratton generator. The kitchen is stunning- including updated appliances, large island, wine cooler and custom wood cabinetry. A luxurious primary suite offers a private retreat, complemented by dual vanities, jacuzzi tub and walk-in shower. Custom cabinetry in living room and dining areas, large office and laundry/mudroom area complete the main floor. Spacious secondary bedrooms and well-appointed baths upstairs with flex-space and landing area. The walk-out lower level provides additional flexibility for recreation, fitness, guest accommodations, or a sophisticated home office. Ample storage throughout the house and excellent maintenance history and updated high-end mechanics. Outdoors, the property embodies the essence of Virginia’s coveted countryside lifestyle. Expansive lawns, mature trees, and open spaces create a peaceful setting for entertaining, gardening (including automatic watering system), or simply enjoying the changing seasons. The acreage offers both privacy and room to breathe while maintaining convenient access to equestrian venues, wineries, fine dining, and the region’s celebrated outdoor pursuits. Secondary garage space for collector's item or garden pursuits. Rarely does a property combine such privacy, elegance, and accessibility. Whether envisioned as a full-time residence or a refined country retreat, 7610 Bear Wallow Road presents an exceptional opportunity to experience the beauty and sophistication of Fauquier County living.
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.
