703 Gold Valley Rd Locust Grove, VA 22508
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About this home
*** JUST APPRAISED***MAJOR PRICE DROP FOR QUICK SALE*** INSTANT EQUITY *** THIS BEAUTIFUL ONE LEVEL HOME OFFERS*** Recently Renovated from Head to Toe!!! SOOOO ABSOLUTELY GORGEOUS INSIDE!!! Let's Talk About the TWO MASTER SUITES!!! Featuring Hardwood flooring, Granite countertops, Stainless Appliances, Floor to Ceiling Fireplace, Front Deck, Glorious Sunroom, 4 Bedrooms & 3 Full Baths and Located on the GOLF COURSE !!! No Disappointment HERE!!! Perfect One Level Living with SOOOOO MUCH Personality!!! The List goes On and On and On!!! Lake & Golf Living is yours to enjoy within this private Gated Community of Lake of the Woods. Home to anything and everything you could possibly want!!! This Community features two lakes, the main lake being 550 acres and a smaller fishing lake , 18 hole Golf Course, Golf Clubhouse, Community center, Pools, Fitness center, Equestrian center, Fire & Rescue and Clubhouse overlooking the Lake. Where else could you fish, boat, waterski, jet ski, lounge on the lake or beach, swim, kayak, crew, golf, horseback ride, walk, run, bike or dine without ever leaving the Community? Living here is like being on vacation everyday!!! Get away from the hustle and bustle and make this Community your Home. Whether you are looking for a place to retire, weekend get away or first home...!!!
Source: BRIGHT #VAOR2010244
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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.