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$530,000 SIGNIN

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17826 Meriwether Lewis St, Ruther Glen, VA 22546

5 beds · 4 baths · 3,059 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Welcome Home to The Verona! This stunning 4-level, 5-bedroom, 4-bathroom home was newly built in 2021 and offers generous space, comfort, and versatility for modern living. Located in the heart of Ladysmith Village, this open-concept beauty is ready for you to make it your own. Step into the main level where you’ll find a spacious kitchen featuring a large island that flows seamlessly into the dining and living areas perfect for entertaining or family time. The main level also includes a convenient laundry room and access to a large 2-car garage. Upstairs on the second level, four generously sized bedrooms are thoughtfully positioned in each corner, along with two full bathrooms. The third floor offers a private 5th bedroom and a finished bonus area ideal for a home office, playroom, or creative studio. But that’s not all! The in-ground basement adds even more value with a finished recreational space, an unfinished area ready for customization (think additional bedroom or gym), and a full rough-in for a future bathroom. Located in a vibrant community with fantastic amenities, Ladysmith Village offers trails, parks, and events for all ages. Just 20 minutes from Fort Walker and with easy access to I-95, you’ll also be close to national parks, beaches, and everything beautiful Caroline County, VA has to offer. Schedule your private tour today and discover the space, style, and convenience of The Verona!

Estimated
Seller's interest rate
2.8%
7%
Estimated
Monthly payment

$2,414
$3,233
You may also save up to $258,759 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $3,233 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
FHA
Rate
2.8%
Remaining term
26 yrs and 4 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,414
Principal & interest
$1,489
Mortgage insurance
$256
Property taxes
$340
Home insurance
$181
HOA fees
$147
Utilities
Not included

Source: Public records

Home details
Size
3,059 sqft
Lot size
0.12 acres
Year built
2021
Type
Single Family Residence
HOA dues
$147.00

Source: BRIGHT #VACV2007938

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 07, 2025 11:16 am
Listing agent: Vicky Koger (202) 904-9944
Listing provided courtesy of: Golston Real Estate Inc. (703) 880-3143
Details provided by BRIGHT and may not match the public record.
MLS ID: #VACV2007938
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Roam Brokerage, LLC participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2025 Bright MLS. All rights reserved.
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$2,414
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