ASSUMABLE 2.3% INTEREST RATE AVAILABLE-RARE OPPORTUNITY IN TODAY'S MARKET! WHY SETTLE FOR TODAY'S HIGHER MORTGAGE RATES WHEN YOU MAY HAVE THE OPPORTUNIITY TO ASSUME AN INCREDIBLY LOW 2.3% INTEREST RATE MORTGAGE ? REACH OUT FOR QUALIFICATION REQUIREMENTS ADN DETAILS ON HOW AN ASSUMABLE LOAN COULD POTENTIALLY SAVE YOU THOUSANDS OVER THE LIFE OF YOUR LOAN. WELCOME TO THEI EXCEPTIONAL 5 BEDROOM, 3.5-BATH HOME LOCATED IN THE HIGHLY SOUGHT-AFTER KESWICK COMMUNITY OF SPOTSYLVANIA COUNTY. BUILT IN 2021 ADN OFFERING OVER 4,670 FINISHED SQUARE FEET ACROSS THREE FINISHED LEVELS, THIS BEAUTIFULLY UPGRADED HOME COMBINES MODERN DESIGN, FLEXABLE LIVING SPACES, ADN OUTSTANDING INDOOR AND OUTDOOR AMENITIES. ONE OF A LIMITED NUMBER OF HOMES INTHE COMMUNITY BUILT WITH A HIGHLY DESIRABLE 3-CAR GARAGE, THIS PROPERTY OFFERS A RARE COMBINATION OF SPACE,FUNCTIONALITY AND VALUE. THE OPEN-CONCEPT FLOOR PLAN IS DESIGNED FOR BOTH EVERYDAY LIVING AND ENTERTAINING. THEGOURMET KITCHEN FEATURES A MASSIVE CENTER ISLAND,UPGRADED PENDANT LIGHTING, BEAUTIFUL BACKSPLASH, ABUNDANT CABINETRY, AND A WALK-IN PANTRY WIITH EXTENSIVE SHELVING. POWERED BLINDS ENHANCE THE DINING AREA, WHILE THE SPACIOUS FAMILY ROOM CREATES A WELCOMING GATHERING SPACE FOR EVERYONE! THROUGHOUT THE HOME, THUOGHTFUL UPGRADES ASS STYLE AND CHARATER,INCLUDING DECORATIVE FEATURE WALLS, UPGRADED LIGHTING FIXTURES, DIMMER SWITCHES,TIMER-CONTROLLED LIGHTING SYSTEMS, AND CUSTOM FINISHES THAT ELEVATE THE HOME'S OVERALL APPEAL. THE UPPER LEVEL OFFERS SPACIOUS BEDROOMS,A VERSATILE LOFT ARA, AND AN UPGRADED LAUNDRY ROOM FEATURING CUSTOM CABINTERY, COUNTERTP WORKSPACE , AND WI-FI ENABLED APPLIANCES. THE FULLY FINISHED WALKOUT BASEMENT PROVIDES INCREDIABLE FLEXABLITY WITH A LARGE RECREATION ROOM, PRIVATE BEDROOM,FULL BATHROOM, AND DEDICATED MOVIE ROOM WITH FRENCH DOORS. A SEPARTE EXTERIOR ENTRANCE AND PRIVACY DOOR OFFERS ADDITIOANL POSSIBLITIES FOR GUESTS, MUTIGENERATIONAL LIVING, OR EXTENDED-USE SPACE. TEH MUD ROOM INCLUDES CUSTOM BUILT-IN STORAEG , WHILE THE FINISHED 3-CAR GARAGE FEATURES EPOXY FLOORING AND A 240-VOLT OUTLET, IDEAL FOR EV CHAGING, OBBIES , OR WORKSHOP SPACE. STEP OUTSIDE AN DISCOVER A BACKYARD DESIIGNED FOR BOTH ENTERTAINING AND EVERYDAY ENJOYMENT. TEH OUTDOOR LIVING SPACE FEATURES A COVERED PATIO WIT A CEILING FANAND A CUSTOM PERGULA COMPLETE WITH INTEGRATED LIGHTING, RETAINING WALLS, AN AN ADDITIONAL CEILING FAN, CREATING A COMFORTABLEOUTDOOR RETRAT. TWO CUSTOM PAVER WALKWAYS LEAD TO SEPARATE GATED ENTRANCES WITHIN TEH SIX-FOOT PRIVACY FENCE, WHILE THE PROFESSIONALLY DESIGNED LANDSCAPING,LANDSCAPE LIGHTING, CUSTOMHARDSCAPING, AND FULL IRRIGATION SYSYTEM ADD BEAUTY, CONVENIENCE, AND CURB APPEAL. THESE THOUGHTFUL IMPROVEMENTS CREATE AN OUTDOOR ENVIRONMENT THAT EXTENDS YOUR LIVING SPACE ADN SHOWCASES UPGRADES THAT GO FAR BEYOND TYPICAL BUILDER-GRADE FINISHES. RESIDENTS OF LESWICK ENJOY ACCESS TO A VARIETY OF COMMUNITY AMENITIES DESIGNED TO SUPPORT AN ACTIVE LIFESTYLE. AMENITIES INCLUDE AN OUTDOOR SWIMMIN POOL, TENNIS COURTS, SOCCER FIELDS, BASEBALL FIELDS, WALKING TRAILS, TOT LOTS, AND PLAYGROUND ARAS. WHETHER YOU'RE LOOKING TO STAY ACTIVE, ENJOY THE OUTDOORS, OR CONNECT WITH NEIGIHBORS, KESWICK OFFERS RECREATONAL OPPORTUNITIES FOR ALL AGES RIGHT WITHIN THE COMMUNITY. THE SURROUNDING AREA CONTINUES TO GROW WITH NEW SHO0PPING, DINING,AND INFRASTRUCTURE IMPROEMENTS. NEARBY ATTRATIONS INCLUDE DOMINION RACEWAY, OFFERING YEAR ROUND ENTERTAINMENT, CONCERTS,RACING EVENTS,CAR SHOWS,GO-KART,RACING,AND FAMLIY ACTIVITES. THE HIGHLY ANTICAPATED KALAHARI RESORT DEVELOPMENT IS EXPECTED TO BRING A MAJOR INDOOR WATER PARK,ADVENTURE ATTRACTIONS,DINNING OPTIONS,CONVENTION FACILITIES, AND ENTERTAINMENT EXPERIENCES TO THE REGION.CONVENTIENTLY LOCATED NEAR FREDERICKSBURG,COMMUTER ROUTES,SHOPPING,DINNING,RECREATION,AND JUST A SHORT DRIVE TO LAKE ANNA,THIS HOME OFFERS THE PERFECT BLEND OF COMFORT, CONVENIENCE , ADN LIFESTYLE.
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.
