87 Tulip Poplar Dr, Linden, VA 22642
4 beds · 3 baths · 1,950 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Spectacular river-access home, located just 15 minutes from I-66 and surrounded by hiking and biking trails, wineries and much more! This 4-year young home is loaded with modern finishes and a split floorplan that offers lots of privacy. Enter into the spacious great room, which features vaulted ceilings and is accented by a wood burning fireplace. The modern kitchen is fully equipped with beautiful cabinetry, Quartz countertops, stainless steel appliances and a center island, which offers additional storage and seating. A laundry room is conveniently located off the kitchen. Two sizeable bedrooms share a hall bathroom, and the primary bedroom offers a beautiful en-suite bathroom. A relaxing space, the primary bathroom features dual sinks with a built-in vanity area and Silestone countertops and shower surround. The lower level has been partially finished, to include a full bathroom with a fully tiled shower, a 4th bedroom and a partially finished area that can be used as a den or workout space. If you prefer to be outdoors, this home has what you are looking for. Enjoy your expansive .75 acre yard, complete with a deck and new 10x12 wood shed. With access to the Shenandoah Farms Riverview Boat Landing, Farms River Road Rec Lot, Lake of the Clouds, Spring Lake, Shenandoah River Recreational Lot, Treasure Island & Community Center, you will have no shortage of outdoor activities. For your peace of mind, the Generator conveys and there is an external hookup for power outages. Plus, Additional 240 Outlet installed in Garage for RV or Car Charger. The home is wired with XFINITY home internet, so working for home or staying connected to your favorite devices will be a breeze.
Source: BRIGHT #VAWR2010470
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 #VAWR2010470
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.