47 Elnor Rd Bumpass, VA 23024
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About this home
Welcome to this stunning Lake Anna retreat! Nestled on a wooded 1.85-acre double lot with winter water views, this 3,044 sq. ft. 4-bedroom, 4-bath home offers community water access on the 3,500-acre private side of Lake Anna. Thoughtfully designed and loaded with extras, it’s perfect for year-round living or a lake getaway. The second-floor primary suite features a spacious bedroom, walk-in closet, and a beautifully updated en suite with dual walk-in showers and heated ceramic tile floors. Three additional bedrooms, a full bath, and upstairs laundry add convenience. A fully floored walk-up attic provides abundant storage. The main level offers an oversized living room with a gas fireplace, formal dining room, and a modern kitchen with center island, farmhouse sink, stainless steel appliances including gas range, and a sunny eat-in area. Comfort is ensured with a two-zone heat pump system and tankless gas water heater. Outdoor living shines with an expansive deck, screened porch, fire pit, and decorative fountains. The finished walk-out basement includes a half bath, entertaining space, closets, and mechanical room. An attached finished 2-car garage with opener adds convenience, while the detached 40’x30’ garage with 40’x12’ overhang, its own electric service, high ceilings, and climate control is ideal for boats, golf carts, or lawn equipment. Extras include a 15-hole backyard putt-putt course, invisible dog fence, 6 TVs, 3 refrigerators, washer/dryer, two bars, and outdoor deck table with 4 chairs—all conveying with the property. Recent updates feature a new primary shower, new carpet in the suite and upstairs hallway, fresh deck paint, and new porch screens. Located in a highly desirable waterfront community, residents enjoy a private sandy beach, boat ramp, community pier with deeded boat slip (Pier #6, Slip #20 included), optional covered slip with lift ($30K), picnic pavilion, and swings. Garages, appliances, fountains, and putt-putt course convey as-is. Seller to offer $6000 towards closing cost.
Source: CENTRALVIRGINIA #2523545
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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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