Welcome to Lake Anna living where laughter echoes across the water, summer lasts a little longer, and memories are made on repeat! That's what you'll experience at this beautiful waterfront retreat tucked away on the peaceful private side of the lake in the desirable Overton Fork subdivision, with high-speed fiber Firefly internet. With 225 feet of protected shoreline, a covered boathouse with a 6,000 lb lift, sun deck, storage room, and even a jet ski pad, your biggest decision each day will be: boat, float, or both? Inside, more than 2,800 finished square feet of thoughtfully designed space invites friends and family to gather and relax. The great room welcomes you with soaring vaulted ceilings and a stunning stone gas fireplace that flows right into the dining area and a 2022-remodeled kitchen, complete with sleek quartz counters, a breakfast bar, tile backsplash, and new appliances—yes, including a Bosch dishwasher for easy clean-up after lake-day feasts! When it’s time to unwind, the lakeside primary suite feels like a private escape with deck access, a custom walk-in closet, and a show-stopping bathroom (redone in 2023) featuring a large tiled shower, double vanity with WiFi LED mirror, radiant heated floors, and plantation shutters. Two additional bedrooms, a full bath, laundry room, and half bath complete the main level. The fun continues downstairs in the finished walkout basement, where movie nights, game days, and celebrations come alive. Cozy up by the gas stove, serve drinks at the bar, stock the beverage cooler and ice-maker, and store your favorites in the wine closet. An additional bedroom and full bath make it perfect for guests who'll never want to leave. Step outside and soak up everything Lake Anna living is about—a large composite deck with an outdoor kitchen, a hot tub for stargazing, screened porch for relaxing with a book in hand, and a lakeside fire-pit for roasting s'mores, sharing stories, and late-night laughs. The 1.01 acre level lot is made for lawn games, picnics, and easy walks right to the water. Oversized 2-car garage, paved driveway, insulated two-story shed with power and upper storage, 22 KW Generac generator, tankless water heater, fiber internet, Hybrid HVAC with propane backup, and a 30 Amp RV hookup, gives you the total package; comfort, convenience, and lakefront living done right. Pack your swimsuits, bring your boat, and get ready to create the kind of memories people talk about for a lifetime. Welcome home to Lake Anna! This neighborhood does allow short term rentals. See full list of improvements in MLS documents section.
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.
