Headline: Fully Upgraded, Turn-Key 3-Level Herndon Townhouse • Square Footage: 1,260 Sq. Ft. Above Grade + Fully Finished Walkout Basement Area • Bathrooms: 2 Full Baths & 2 Half Baths Public Remarks: Welcome home to this beautifully transformed 3-level townhouse with a fully finished walk-out basement, offering top-to-bottom luxury and complete peace of mind. Nestled in a desirable Herndon community with a pool and play area, this turn-key property features easy access to public transit and includes two designated parking spaces directly in front. Every level of this immaculate home has been upgraded. You will find brand-new luxury laminate flooring and fresh, crisp paint running seamlessly across all three levels, perfectly accented by newly installed shoe molding quarter rounds and pristine baseboards throughout. The heart of the home features a spectacular, fully renovated kitchen. It boasts brand-new, never-used stainless steel appliances, including an LG French-door refrigerator, a premium Samsung cooking range, a matching Samsung hood, and a Samsung dishwasher. A new microwave sits beautifully on the countertop. The space is anchored by elegant new granite countertops and a pristine tile backsplash treated with professional-grade penetrating grout sealer. Upgrades continue through the hardware and systems: energy-efficient new LED lighting, all-new switches and outlets, and brand-new brushed nickel door knobs throughout. The home features comprehensive new professional duct/vent cleaning paired with all-new vent registers and covers for pristine air quality. The upper-level features three spacious bedrooms and a beautifully appointed full bath. The finished walkout basement serves as an incredible bonus living area, complete with a second full bath and a partially finished furnace area providing great utility and storage. Structural updates include a 3-year-old roof and a 5-year-old HVAC. Completely turn-key and ready for its next chapter!
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.
