32236 Deep Meadow Ln Locust Grove, VA 22508
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About this home
Nestled in the prestigious Meadowland subdivision, this exquisite Cape Cod-style residence offers an unparalleled blend of luxury and comfort, set on an expansive 4.82-acre lot. With 6,292 square feet of meticulously designed living space, this home is a sanctuary for those who appreciate the finer things in life. Step inside to discover a grand entryway that leads to an open floor plan, seamlessly connecting the open kitchen, dining areas, and family room. The heart of the home, the kitchen, featuring double wall oven, built-in microwave, pantry, kitchen table space, breakfast bar and a sleek cooktop. The generous countertop space and custom cabinetry provide both functionality and elegance, while the breakfast area bathed in natural light invites casual dining. The formal dining room, adorned with sophisticated finishes, sets the stage for memorable gatherings, while the family room, complete with a stunning stone fireplace, offers a cozy retreat for relaxation. Skylights and large windows throughout the home create an airy ambiance, enhancing the luxurious feel. Retreat to the sumptuous primary suite, where two spacious walk-in closet and a spa-like bathroom featuring a jetted tub await. The basement with a gym, and 2 finished areas and offers endless possibilities with the unfinished areas, with space for a workshop, additional rooms, or a recreational area, all with convenient interior and exterior access. This home is equipped with surround sound system, a water treatment system and features like ceiling fans and built-ins that enhance both convenience and style. Outside, the property boasts a serene setting, perfect for outdoor entertaining or simply enjoying the tranquility of nature. The meticulously maintained grounds offer a canvas for your landscaping dreams, to include adding a couple of horses. Experience a lifestyle of elegance and comfort in this exceptional Meadowland residence, where every detail has been thoughtfully curated to create a harmonious living environment. Don't miss the opportunity to make this luxurious retreat your own. New roof, new gutters, newer HVAC systems, newer hot water heater.
Source: BRIGHT #VAOR2012486
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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.