Experience the essence of luxury living in this timeless brick colonial, perfectly sited on 2.57 serene acres less than two miles from Potomac Village. Four fireplaces, exquisite moldings, ten Maria Theresa designer chandeliers, and rich hardwood and bamboo flooring create an elegant backdrop for both traditional and contemporary furnishings. A grand two-story marble foyer sets the tone for the beautifully renovated interior, which offers gracious formal rooms, six bedrooms, five renovated full baths, and a main-level library wrapped in warm wood paneling. The chef’s kitchen dazzles with new quartz counters and cabinetry, Viking appliances, a custom backsplash, expansive center island, and built-in wine niches. It flows seamlessly into a sun-filled breakfast area and a welcoming family room appointed with a beamed ceiling and wood-burning fireplace, all opening onto the expansive deck. Upstairs, five bedrooms and three full baths include a luxurious primary suite featuring a spa-inspired bath with custom inlaid tile, heated floors, rainfall shower, jetted tub, and private balcony overlooking the grounds. The light-filled walkout lower level provides exceptional space for entertaining, showcasing a large recreation room with a floor-to-ceiling stone fireplace, a full bar, a spacious bedroom, and a full bath. A second full kitchen adds convenience for hosting, guests, or an au-pair. Outdoor living is equally impressive, with a summer kitchen and grill area, gazebo, level lawn, and tranquil tree-lined backdrop. A private trail winds through the property to a secluded tennis court. Designed for comfort and ease, the home features all new windows and patio doors, a new Luxury Grand Manor slate-style roof, two in-wall surround sound systems, laundry on all three levels, and two high-capacity HVAC units. Just moments from Potomac Village’s shops and restaurants, top public and private schools, and the amenities of the nation’s capital, this exceptional property blends classic elegance with modern function and resort-style living.
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.
