You kept searching..and now - You Found It!! The house of your Dreams! Step inside your new home at 8 Oak Crest Ct. Your eyes will immediately be drawn to the gorgeous luxury vinyl tile and hardwood floors throughout most of the first floor accentuated by all the crown molding and chair railing. Then there is the kitchen - What A Kitchen!! Beautiful and So open with ceramic tile floors - a true centerpiece of the house. You can't get more countertop space than this home! Take a break in the Huge Family Room with gas fireplace before getting a view of the fenced in backyard from the Screened In Back Deck!!! Work from home? No problem in the private office. Have guests over? Let them spread out in the formal living room, family room and dining room. Upstairs you are immediately greeted by the HUGE master bedroom with vaulted ceilings and HUGE walk in closet with custom shelving. This suite is so big, you could fit another bedroom inside of it! The ensuite has an Updated Master Shower and new sink features along with a soaking tub and dual vanities. The remaining 3 bedrooms upstairs all have ceiling fans. The upper level is completed with a guest bathroom. But wait, you're not done yet - travel downstairs to the Finished Basement. You will immediately fall in love with the open entertaining space filled with natural light from the French Doors- which walk out to the backyard. Need more space for guests? Of course. The basement also has a Full Bathroom and Bedroom! Your new home has been lovingly cared for and it shows as the updates are listed: New Roof with transferable warranty (see docs section) (2024), New Gutter Guards (2024), New Driveway (2024), Driveway Sealed (2025), New Exterior Porch and Garage Light Fixtures (2024), New Sump Pump (2024), New Luxury Vinyl Tile in Kitchen (2024), New Carpet (2024), New Master Shower (2025), Updated bathroom sink fixtures in 2/3 bathrooms, Whole House HVAC ducts and vents cleaned with Microbial Treatment (2025). An extra benefit - the like new SMART washer and dryer Convey!! Your new home also comes with a Smart Thermostat, ADT Security System and Ring Cameras. Start Your New Year in your Like New home in 2026!!!! 2 min to Route 1, 5 min to 95, 7 min to Leeland Commuter Lot. Just outside of the neighborhood is St. Claire Brooks park, known for their beautiful walking trail that connects to the gorgeous and popular Chatham Heights Flower Garden, walking track (with new exercise equipment and disk golf track) that trails into the woods. The trail also skirts along the Rappahannock River and across the Chatham Heights Bridge, straight into Old Town Fredericksburg! St Claire Brooks Park also has volleyball, soccer and baseball fields.
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.
