5077 Silver Stone Ln Rixeyville, VA 22737
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About this home
Tucked away hidden gem!!! Follow this driveway to your escape from the city and find all the amenities of rural country living. This ideal goat farm can be easily converted into your dream horse operation. There's a 30x11 two stall barn with tack room, with heat/electric/hot water heater/even cable access. Just a couple minor changes can make the horse barn happen. Also included are a 12x8 livestock shelter, a 20x10 storage or hay shed, 4 paddocks, and of course the chicken coup. Approaching the home you will see the appeal of the craftsman style with the stone columns and inviting 33' front porch.Inside you will find many desired features to includes a main level bedroom or could be office/den. The farm style powder room, Inviting family room opening into the gourmet kitchen area equipped with the finest appliances, induction cooktop(there is a gas line for future gas hook-up if preferred), breakfast room, solid surface countertops and deluxe butlers pantry. This pantry is a complete room offering beverage refrigerator, walk-in storage and expansive countertops for food preparation. The rear 20x16 deck leads off the family room/kitchen area for outside entertaining. The mudroom with built in storage is the perfect hideaway for all the outdoor wear and everyday essentials. Formal dining room and Another bonus room/den/office completes the main level. Going up to the second level you will find the primary suite with luxury bath and walk=in closet. there are 3 additional bedrooms as well as another bonus room 22x20 and 2 more full baths. Stairs leading to the unfinished attic offer more expansion possibilities as well as huge storage space. In addition to all the above feature there is a whole house generator for the home and barn that conveys a new well pump and sediment filter added in 2023, invisible dog fence for 1 and half acres. Come take a look you won't be disappointed and ready to claim this gem as your new home. ****VA ASsumable 2.5% loan to qualified VA buyer******
Source: BRIGHT #VACU2011604
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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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