602 Viewtown Rd, Amissville, VA 20106
3 beds · 2 baths · 1,740 sqft
This country property on 10+ acres includes an updated 3 bedroom/2 full bath home, and a 2 stall barn with feed room. The home sits quietly on a hilltop overlooking rolling green pastures, gardens, and a western mountain view. The home includes: 3 bedrooms, 2 full baths, a large office, combination living room/dining room, chefs kitchen, laundry room, and a spacious mudroom. Windows(5) replaced in 2017, including a special tint on the 3 front windows that block the sunlight from fading the furniture and the wood floors, & (6) 2018, all energy saving with screens. The (2025) Low-E steel exterior kitchen door and Pella storm doors throughout assist with energy efficiency. (2019)Both baths fully renovated. Updated kitchen is freshly painted, is light and bright, and features granite countertops, S/S appliances & S/S vent hood, LVP floors, new wiring & plumbing. The laundry room & pantry feature LG washing machine & dryer, LVP flooring and lots of storage space. The large living room has wood floors, crown molding, a wood burning fireplace and a great view. The fireplace can accommodate an insert if desired. Ceiling fans throughout help circulate the warm air. (2017) HVAC heat pump added to the home, including all ductwork and vents. (2018) Roof. (2017)Hot water heater & pressure tank. The horse amenities include a 2 stall barn with tack room/feed room, and a fully insulated 4 horse waterer that holds 80 gallons of water and refills automatically, with fully fenced rear pastures ( 3 board oak & poplar & high-tensile wire). Work from home with Xfinity. The back yard includes a small fire pit for outdoor cooking. Create your own farm, bring the horses, goats, chickens, cows, there's room for all. Just Move In! Gas generator conveys but is not currently hooked up. Furniture available to convey as well. No HOA or restrictions on the property, hunting allowed. Only 12 miles to Warrenton, 15 miles to Culpeper. Owner Agent. Would consider long term rental.
Source: BRIGHT #VARP2001954
Source: BRIGHT #VARP2001954
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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 of Equal Opportunity Act.