Welcome to this exceptional Colorado model home perfectly situated on a premium cul-de-sac lot in the heart of Purcellville! Featuring a rare 3-car garage, a superb flat backyard, and a spacious driveway, this property offers the ideal blend of luxury, comfort, and practicality. Lovingly maintained by the original owners, the home has been pet-free and smoke-free, ensuring pristine condition throughout. Step into a grand two-story foyer that opens to an expansive, light-filled layout with bump-outs in the family room, kitchen, and office. The two-story family room showcases a stunning floor-to-ceiling stone fireplace — the perfect centerpiece for gatherings large or small. The gourmet kitchen impresses with abundant cherry cabinetry, new quartz countertops with a large undermount sink, brand-new GE refrigerator, GE convection wall oven with Wi-Fi connectivity, and a 34" five-burner cooktop on a spacious island. A second stairway conveniently connects to the upper level, and multiple dining options include a formal dining room and casual seating at the island or breakfast area. Upstairs, the airy owner’s suite features a vaulted ceiling, sitting area, and a luxury ensuite bath with two walk-in closets, dual vanities, soaking tub, and separate shower. Each secondary bedroom offers its own walk-in closet, with three full bathrooms upstairs providing exceptional convenience. Recent upgrades include wide-plank luxury flooring (7.5mm rigid core, 22mil wear layer, QuietWalk underlayment) on the main and upper levels, fresh neutral paint, roof (2020)with 40-year shingles, 6” gutters and oversized downspouts, upper-level HVAC (2021), and water heater (2019). Updated bathrooms showcase new counters, sinks, fixtures, mirrors, and lighting. A fully finished basement offering the perfect space for a recreation room, home gym, media room, guest suite, or play area. Outside, enjoy a new outdoor patio (14x20) and gazebo (12x18) on over one-third of an acre with mature landscaping, balanced shade, fruit trees, and a thriving raspberry patch. The large, flat yard and extended driveway provide the perfect space for basketball, scooters, or outdoor play. Located in a sought-after community close to charming downtown Purcellville, this home truly has it all — space, updates, and an unbeatable setting!
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.
