**2.99% VA Assumable Loan for VA eligible buyers** Welcome to 11306 Vale Rd, a stunning contemporary 5 bedroom, 4 bathroom home offering sophisticated living across three expertly designed levels in the heart of Oakton, Virginia. Fully renovated with thoughtful attention to detail, this exceptional residence blends modern luxury with functional elegance, creating an ideal environment for both comfortable family living and refined entertaining. Step inside to an open and inviting main level filled with natural light, where the living room, dining room, and expansive family room flow seamlessly together. Two fireplaces add warmth and character, creating inviting spaces to gather. At the center of the home is a beautifully updated chef’s kitchen featuring Café appliances, custom cabinetry, and premium finishes, designed to elevate both everyday living and hosting. Just beyond, the spectacular three season patio room stretches over 34 feet, offering an incredible extension of living space and the perfect vantage point to relax or keep an eye on outdoor activities year round. A main level bedroom and full bath provide flexibility for guests, multigenerational living, or a private home office. Upstairs, the luxurious primary suite serves as a private retreat, complete with dual walk in closets and a spa inspired bathroom. Three additional generously sized bedrooms offer ample space and comfort for family members, each with excellent storage. The fully finished lower level is designed for both relaxation and entertainment, featuring a spacious recreation room, walkout access, a private exercise room, and an expansive game room, creating the ultimate space for gatherings, play, and unwinding. Set on historic Vale Road, the home features a large, fully usable yard that truly sets it apart. This outdoor space offers endless possibilities for entertaining, play, or creating your own private oasis, a rare combination of space and versatility in this highly desirable location. The extended driveway with two entry and exit points provides added convenience and ease. Ideally located near award-winning Fairfax County schools, this home also offers easy access to everyday conveniences and premier destinations, including Whole Foods Market and Costco Wholesale, as well as the shopping, dining, and entertainment of Reston Town Center and Tysons Corner Center. With convenient access to major commuter routes and close proximity to Washington, D.C., this meticulously maintained residence delivers the perfect balance of luxury, comfort, and accessibility. A rare opportunity to own a move in ready home where families can truly live, grow, and create lasting memories.
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.
