717 Eastover Pkwy Locust Grove, VA 22508
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About this home
Major renovations in 2025! BRAND NEW roof, gutters, gutter guards, paint, and more! Welcome home to your cozy country rambler nestled against beautiful National Park land in the sought after Lake of the Woods community. Enjoy the privacy & peace of the prime location 717 Eastover offers, with wide open wooded space as far as the eye can see off the backyard. Inside, warm real wood floors flow in every direction. The heart of the home is the central living room/kitchen combo, boasting vaulted ceilings, classic brick fireplace, and updated kitchen layout. A tasteful recent kitchen remodel hits all the right notes, while the timeless architecture of the home blends seamlessly into the elegant wooded neighborhood. Speaking of Lake of the Woods, if you are looking for amenities and things to do, you've hit the JACKPOT! From water sports, golf, playgrounds and trails, to pools, pickleball and horses... you may have a hard time leaving this west-Fredericksburg oasis of fun! Come and find the incredible future ahead of you at 717 Eastover Parkway today!
Source: BRIGHT #VAOR2008492
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Close stress-free in 45 days, handled start to finish by Roam.
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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.