**Catered Open House on Friday (4/10) 5-7pm, Saturday (4/11) 1-3pm and Sunday (4/12) 1-3pm** Custom-built Traditional home on a quiet cul-de-sac in the sought-after first section of Aquia Harbour. Set on a wooded 0.41-acre lot, this home offers 4,136 square feet with flexible space and a functional layout designed for everyday living. A welcoming front porch leads into the main level featuring 9-foot ceilings, solid hardwood floors, crown molding, and built-ins that add warmth and character. The layout offers defined living spaces while still feeling connected. The kitchen features stainless steel appliances, including an Energy Star refrigerator, generous cabinetry, a large walk-in double-door pantry, recessed lighting, and an eat-in area overlooking the trees. It opens to the family room with a gas fireplace and brick surround, plus access to the deck for easy indoor-outdoor entertaining. Upstairs are four bedrooms, providing flexibility for office, guest, or hobby space. The primary suite includes a spacious bath. Ceiling fans throughout and energy-efficient windows and doors add comfort and efficiency. The walkout basement expands the living space with a 350-square-foot room suitable for a fifth bedroom, rec room, or family room, along with a full bath featuring a clawfoot soaking tub. An additional 375 square feet offers space for a workshop, storage, or future finishing. A screened porch off the lower level and an upper deck create multiple outdoor living areas. The fenced backyard is surrounded by mature trees and includes a patio and storage shed, offering both privacy and room to enjoy the outdoors. The two-car front-entry garage provides convenient interior access. Aquia Harbour amenities include a marina, golf course, clubhouse, outdoor pool, trails, sports courts, and community events within a gated community. Convenient to I-95, commuter lots, Quantico/FBI, and Brooke Station VRE. Public water and sewer, central A/C, electric heat pump, and durable vinyl and aluminum siding complete the package.
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.
