778 Overton Dr Mineral, VA 23117
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About this home
Experience luxurious waterfront living on Lake Anna’s private side at 778 Overton Drive! This stunning custom home offers 225’ of protected shoreline with a retaining wall, private boathouse featuring a 6,000 lb boat lift, sundeck, and a single jet ski ramp. Designed for effortless entertaining and relaxation, enjoy multilevel decking, an outdoor kitchen, screened-in porch, hot tub, and a cozy waterside fire pit — all perfectly positioned to capture peaceful water views and the soothing sounds of birds and lapping waves. Inside, the great room welcomes you with soaring cathedral ceilings, skylights, a striking stackstone fireplace, and gleaming hardwood floors. The chef’s kitchen is a showstopper with upgraded appliances, quartzite countertops, raised panel ivory cabinetry, and elegant glass-front display cabinets. The spacious primary suite features hardwood floors, a custom closet system, and a newly renovated spa-like bath with heated floors and a luxurious walk-in shower with multiple shower heads. Convenient main level laundry adds ease to everyday living. The fully finished walk-out lower level offers a spacious recreation room, stylish bar, wine closet, additional bedroom, and full bath — ideal for entertaining or hosting guests. Modern conveniences include Firefly high-speed internet, a 22KW Generac generator, tankless water heater, hybrid gas/electric furnace, RV power hookup, an oversized 2-car garage, and a two-story 20’x12’ detached shed. This extraordinary lakefront retreat perfectly blends upscale comfort with the best of Lake Anna living! Seller to offer purchaser loan buydown.
Source: BRIGHT #VALA2007844
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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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