290 Arapaho Ln, Stephens City, VA 22655
5 beds · 4 baths · 5,372 sqft
Nestled in a peaceful 5-acre wooded area surrounded by mature oak, this beautifully crafted 5-bedroom, 3.5-bathroom, 3-car garage home blends rustic charm with modern amenities. Elegant wood and stone accents, oversized windows, and thoughtful lighting design make this home a perfect blend of luxury and comfort. The open-concept living room features vaulted ceilings, wood flooring, a grand fireplace, and large windows that accentuate the space with natural light. The gourmet kitchen boasts custom cherry cabinetry, granite countertops, stainless steel appliances, and a spacious island with bar seating. Elegant pendant lighting and a tile backsplash complete the luxurious feel. Adjacent is the dining area, perfect for entertaining. The main level primary suite offers a private retreat with a separate sitting area, a wood stove, and stunning views. The spa-like en-suite bath includes a soaking tub, a tiled shower, and dual vanities with custom wood cabinetry. Additional well-appointed bedrooms provide comfort and privacy, with stylish bathrooms featuring granite vanities and tiled showers. The finished walkout basement is a versatile entertainment space, complete with a beautifully crafted built-in bar, lounge area, and wood-burning stove. An additional bedroom, flex room perfect for workout equipment, and utility room with added storage complete the space. The outdoor living space is just as impressive as the interior. Out front, a beautifully designed hardscaped walkway, lined with immaculate landscaping, leads to a cozy patio and covered porch perfect for relaxing evenings. In the backyard, an expansive deck offers breathtaking views and flows seamlessly into a stunning outdoor kitchen featuring spacious countertops, ample storage, and a comfortable seating area. A luxurious inground saltwater gunite pool, heated by solar panels with a spacious pool deck, invites you to unwind and provides the perfect setting for summer gatherings. Additionally, the home is pre-wired for a generator and hot tub. The property also includes three raised garden beds and two sheds, providing ample space for gardening and storage. This is a perfect location—only 7 minutes to I-81 and 10 miles to I-66, central to all the Shenandoah Valley has to offer.
Source: BRIGHT #VAFV2024670
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: BRIGHT #VAFV2024670
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.