133 Oaks Ln Madison, VA 22727
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About this home
Will qualify for financing! Dreaming of space, privacy, and a little adventure in homeownership? This 4-bedroom, 3.5-bath brick-front 3,876 sq ft beauty on just over 3 acres in Madison WITH NO HOA is calling your name! With three levels of living space, a peaceful creek along the property line, and all the room you need to spread out, this home is packed with , charm, space, and sweat equity potential. Step inside and let your imagination run wild—the floor plan is generous and versatile, just waiting for your personal touch. Yes, this home needs a little TLC, (look at the pics! its not much!) but that’s part of the fun! Think of it as a blank canvas where you can create your dream home, weekend retreat, or that Pinterest-worthy project you’ve always wanted to tackle. Big-ticket updates? Already handled! The home boasts two HVAC units—one brand new (just a couple of months old!) and the other only two years young—so you can check “heating and cooling” off your list with confidence. The one-car garage is perfect for your ride or a workshop, while outside you’ll find acres to explore, garden, host backyard gatherings, or just soak up the peace and quiet of your own private oasis. Imagine evenings by the creek, weekend barbecues, or simply enjoying the views with your favorite beverage in hand. Opportunities like this don’t come along often—especially with this much space and potential. Bring your vision, your style, and maybe your tool belt—this Madison gem is ready to shine bright again! Firefly internet runs behind the house.
Source: BRIGHT #VAMA2002460
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Close stress-free in 45 days, handled start to finish by Roam.
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If you find a better price on any home, we’ll match it.
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.