110 Gold Rush Dr Locust Grove, VA 22508
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About this home
Effortless One-Level Living in Amenity-Filled Lake of the Woods! Discover comfort, style, and convenience in this beautifully maintained 3-bedroom, 2-full bath rambler tucked inside the gates of the sought-after Lake of the Woods community. Whether you're seeking a weekend retreat or a full-time home, this one delivers. Set on an elevated lot with mature trees, this home welcomes you with extra parking alongside the driveway and an attached garage. Out back, enjoy a large deck perfect for entertaining or simply taking in the peaceful surroundings. Concrete slab and electrical make this home jacuzzi-ready! Step inside to find gorgeous wood-planked vaulted ceilings and sun-filled windows that bathe the space in natural light. The open-concept layout blends the family room, dining area, and kitchen, making it ideal for both daily living and gathering with friends and family. The kitchen boasts modern cabinetry, stainless steel appliances, and a smart design for efficiency and flow. The laundry area is conveniently located off the kitchen. All three LARGE bedrooms feature low-maintenance LVP flooring, and the primary suite includes a remodeled shower and private bath. Master bedroom can accommodate a king-size bedroom set. And the raised crawlspace offers extra room for storing lawn equipment, tools, or seasonal gear. As a resident of Lake of the Woods, you’ll enjoy a lifestyle rich with recreation and relaxation—featuring two private lakes for boating, kayaking, and fishing, an award-winning golf course, beaches, a community swimming pool, tennis courts, equestrian stables with riding trails, sports fields, tot lots, and a marina with boat ramps. The neighborhood also includes 24/7 gated security, scenic walking trails, and a vibrant calendar of year-round social events and activities for all ages. This charming home offers peaceful living, practical features, and unbeatable access to the best of Lake of the Woods. Don’t miss the chance to make it yours!
Source: BRIGHT #VAOR2010228
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.