MULTIPLE OFFERS RECEIVED. SELLER REQUESTS HIGHEST & BEST BY SUNDAY MAY 10TH 6PM Welcome to Virginia Oaks—one of Gainesville’s most beloved communities, where everyday living feels like a retreat and nature becomes part of your daily routine. Tucked alongside Lake Manassas and surrounded by over 170 acres of preserved woods and meadows, Virginia Oaks offers a lifestyle that’s hard to replicate. Miles of scenic walking and jogging trails wind through mature trees, around tranquil ponds, and across open green spaces—creating a peaceful, almost storybook setting right outside your door. This is the kind of neighborhood where evening walks turn into a favorite ritual, where neighbors gather at the pool or clubhouse, and where weekends naturally drift toward the outdoors. Beyond its natural beauty, the community delivers a full lifestyle experience—resort-style amenities including a clubhouse, swimming pool, sports courts, playgrounds, and an active, welcoming atmosphere. And when it’s time to plug back into daily life, you’re minutes from everything—major commuter routes like I-66, shopping, dining, wineries, breweries, and everyday conveniences—giving you the perfect balance of escape and accessibility. Now, imagine calling this home… Perfectly positioned within this sought-after community, this stunning end-unit, three-level townhome offers the ideal blend of style, space, and natural light—where every detail feels intentional and inviting. From the moment you step inside, you’re greeted by rich hardwood flooring that carries seamlessly throughout both staircases and the entire upper level, creating a sense of continuity and warmth. Recessed lighting adds a modern touch, while the open-concept layout effortlessly connects the family room, dining area, and kitchen—designed for both everyday living and easy entertaining. The kitchen is beautifully appointed with granite countertops and flows naturally into the heart of the home, where conversations happen, meals are shared, and life unfolds comfortably. Upstairs, three spacious bedrooms offer a clean, elevated feel, while the upper-level baths bring a polished finish to your daily routine. And then… there’s the outdoor living. The expansive deck extends your living space into the outdoors—perfect for morning coffee among the trees, summer evenings with friends, or simply unwinding after a long day with the peaceful backdrop that Virginia Oaks is known for. The fully finished walk-out lower level adds even more versatility—ideal for a recreation space, home office, guest retreat, or all of the above—offering flexibility that adapts to your lifestyle. System Ages: Furnace (2026) // AC, Windows, Roof, Hot Water Heater (2019)
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.
