New Beautiful Listing in the Lake Anne Village! Discover a stunning waterfront home within the Lake Anne Village Center, complete with assigned parking and private dock site. This idyllic retreat is situated in the heart of the Lake Anne district, and it boasts breathtaking water and Van Gogh bridge views. The mid-century modern design townhome is part of the National Register of Historic Places including Fairfax County Historic district in 1983, Virginia Landmarks Register and National Register of Historic Places in 2017. The townhomes were designed by New York based architectural firm Whittlesey & Conklin ( later known as Conklin and Rossant). The lead architects on the project were James Rossant and William Conklin, working closely with the town's developer, Robert E. Simon. With 2,112 square feet of thoughtfully designed space, this home boasts unique architectural features that reflect timeless craftsmanship and style. The sellers spared no expense in remodeling and updating this beautiful home with the complete high-end renovation of kitchen, bathrooms, flooring, backside and primary bedroom walls of windows and sliders, mechanical systems including Whole house UV air purification system on furnace. The estimated investment into this property has been $200K over the years. Upon entry into this house, you are welcomed by the foyer and an open concept dinning room and kitchen. Located upstairs are 3 generously sized bedrooms, two full bathrooms including an in-suite primary, laundry with recent added washer and dryer, ample storage space and tons of natural light. The upper floor has a large sky light which provides an abundance of natural light. The primary suite offers a closet and a spa like an oversized extra long soaking bath with a double vanity with stone tile and modern light fixtures and lux heated floors. The laundry room located in the landing space which is easily accessible from the primary bedroom and second bedroom ( currently converted into the office space). The second bedroom offers beautiful custom-made built-ins and stunning water views. The upper level bedroom offers a comfortable stay and good privacy with access to the bathroom and tree line views of the neighborhood. The lower level features a spacious recreational room, powder room and direct walk-out access to a private patio and dock - ideal for relaxing and enjoying the outdoors. Come join us and step through the enclosed courtyard into a bright and airy home featuring floor-to-ceiling windows, sliding glass doors, skylights, and gorgeous hardwood flooring throughout. The state of the art gourmet kitchen and dining area are sure to impress with the Cambria composite stone countertops, Italian lacquer cabinetry, a waterfall island with the FarmHouse Sink and Franke faucet, stainless steel appliances including gas stove and KitchenAid microwave drawer. This is a chef's paradise and a great place for entertaining guests, family or spending a wonderful evening. Kayak in the morning, sip coffee by the water, or unwind with friends on the built-in seating by the canal. Enjoy lush trees, landscaping, and open green space. As part of the Reston association you will have access to pools, tennis courts, pickleball, walking trails, dog parks, and more. Just a short stroll to Lake Anne Plaza with its beloved restaurants, coffee shops, concerts, farmers market, and community events — and minutes to Reston Town Center, Metro, and all your daily conveniences. Come discover the perfect blend of mid-century charm, modern updates, and vibrant lakefront living! Additional mechanical systems updates include a New AC system ( 2016) and Water Heater (2018). The house includes the UV Whole House Aire Purification system on the furnace. The basement rec/family room has two dedicated power lines for audio/video equipment. Welcome 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.
