Coming soon! Welcome Home to 10 Rye Creek Drive! Nestled in a highly sought-after, newer Stafford community, this meticulously maintained, custom-built, single-owner home perfectly blends luxury with everyday comfort, the Stanhope model! From the moment you arrive, you will love the vibrant lifestyle this location affords—offering phenomenal commuting options while keeping you just minutes from schools, dining, Quantico & VRE, and local shopping. Step inside and immediately feel the warmth of the extended floor plan, thoughtfully designed with gorgeous designer touches throughout. Whether you are working from the private home office or hosting holiday meals in the formal dining room, this layout truly shines. The undeniable heart of the home is the show-stopping gourmet kitchen. Picture yourself gathering with friends around the unique, rounded center island, surrounded by upgraded cabinetry, beautiful granite counters, a gas range, and double wall ovens. This culinary space flows effortlessly into a stunning sunroom bump-out and great family room, keeping the host & guests part of the fun. When it is time to unwind, head upstairs to discover generously sized bedrooms that offer comfort and space for everyone. The luxurious primary suite is a true retreat, complete with a cozy sitting area and a spa-like en suite bathroom featuring a deep soaking tub and a large walk-in shower—your private sanctuary at the end of a long day. Looking for the perfect place to entertain? The fully finished basement is a showpiece all on its own, boasting a spacious recreation room and your very own dedicated cinema room for epic movie nights! Outside, the magic continues. Step out onto your beautiful Trex deck and take in the serene, private views of a property that backs directly to nature. The lot features a wonderfully large side yard, providing a fantastic natural buffer from neighbors and giving you the breathing room you crave. Best of all, this home offers incredible peace of mind with a brand-new roof, a newer HVAC system, and a newer water heater already taken care of for you. This isn't just a house; it's the beautiful backdrop for your next great chapter. We cannot wait to welcome you home!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
