14627 Manorwood Dr, Culpeper, VA 22701
5 beds · 6 baths · 5,902 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This exceptional home is truly one of a kind, offering an unmatched combination of space, luxury, and high-end features—including the only fourth-story level with bedroom/full bathroom suite in the entire community! Step inside to find an open and inviting floor plan with durable and stylish luxury vinyl plank flooring, a gourmet kitchen featuring granite countertops, stainless steel appliances (including a brand new Bosch dishwasher), and an oversized island. The living spaces, including a main level private office and family room with gas fireplace, are designed for both comfort and entertainment, with WiFi extenders throughout the home ensuring seamless connectivity, even to the back yard! The fully finished basement is an entertainer’s dream, complete with a wet bar with granite counters, a media room featuring a 125” 4K 3D Projector, High End Klipsch 7.2 Surround Sound, and plush media chairs (which can convey), and an exercise room with equipment that can also convey! This home is packed with modern conveniences, including a 7-camera security system, high-efficiency water heater and HVAC, solar panels (which have reduced the power bill on average around $200/mo!), and a three-car garage with an electric vehicle charger. A stunning 85" Samsung QLED smart TV in the family room with a 5.1 Bose Surround Sound system and all electronics—including additional mounted TVs—convey with the home. Outside, enjoy a built-in firepit, fenced-in backyard, large storage shed with power, and a greenhouse (with conveyable 46 Plants Hydroponics System) with power and winterized water, perfect for year-round gardening. A water sprinkler system and three additional water spigots around the exterior make yard maintenance a breeze, while extra outlets on the porch and patio add convenience for outdoor gatherings. With its prime location, one-of-a-kind fourth story, and extensive upgrades, this home is a rare find in Culpeper! VA assumable $3,158/mo! Call us today to schedule your private showing!
Source: BRIGHT #VACU2009820
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VACU2009820
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.