147 W Main St Stanley, VA 22851
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About this home
Step into small-town charm with this inviting farmhouse offering 4 bedrooms, 2 full bathrooms, and 2,238 sq. ft. of living space. Perfectly situated on a 0.54-acre lot in the quaint town of Stanley, this property blends timeless character with thoughtful updates. A welcoming front porch invites you inside, where hardwood floors set the tone for the main level. The primary bedroom and an updated full bathroom are conveniently located on the first floor, while a bright and spacious dining room with deck access is ideal for gatherings. The kitchen features ample cabinetry, providing both function and charm for everyday living. Upstairs, you’ll find three additional bedrooms and a full bathroom, offering plenty of space for family, guests, or a home office. Outdoors, the property provides ample parking, multiple storage sheds, mature shade trees, and a peaceful backyard retreat. Best of all, you’ll enjoy your very own above-ground pool with surrounding deck—perfect for cooling off in summer or entertaining friends and family. There’s also room for gardening, hobbies, or simply relaxing in your own private oasis. Enjoy in-town living with easy walking access to the local coffee shop, elementary school, and shopping. Plus, you’re just steps away from the community’s annual town events and parades, making it easy to be part of the town’s charm. A rare opportunity to own a spacious home where character, comfort, and convenience come together.
Source: BRIGHT #VAPA2005438
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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.
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