210 Skyline Rd Locust Grove, VA 22508
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About this home
Neighborhood Open House Event on Sunday 10/12 1-4pm Seller offering $5,000 buyer concession! Location, location, location! This 3-bedroom, 2-bath home is perfectly situated in the amenity-rich Lake of the Woods community. Located off of the main road on a quiet street close to the front gate, clubhouse, beach, and park. Enjoy seasonal lake views between neighborhood homes across the street and a quick walk to the nearby beach access where you can easily drop in a kayak, canoe, swim or simply relax by the water. Set back on a wooded lot, this home offers solid bones, a functional layout, and plenty of potential for updates and personal touches. The main-level consist of the primary bedroom, full bath, eat-in kitchen and spacious living area open to both front and side porches. Upstairs you’ll find two additional bedrooms and another full bathroom, ideal for family, guests, or a weekend retreat. Whether you’re an investor searching for your next renovation project, a first-time buyer eager to create your dream home, or a lake enthusiast looking for a weekend getaway, this property checks all the boxes. The home is being sold AS-IS but is in good condition, making it a great canvas for your vision. Living in Lake of the Woods means more than just a home—it’s a lifestyle. This vibrant, gated community offers two lakes, an 18-hole golf course, equestrian center, pools, marina, clubhouse dining, fitness center, and over 60 clubs and organizations to join. From boating, water skiing, kayaking and fishing to golfing and social events, there’s something for everyone. Plus, Orange County’s low real estate taxes make this location even more attractive. Conveniently located between Fredericksburg and Culpeper, you’ll have easy access to I-95, Route 15/29, shopping, dining, and historic destinations. Don’t miss this opportunity to make 210 Skyline Dr your next home or investment. Schedule a showing today and start living the lake life!
Source: BRIGHT #VAOR2010602
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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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