Welcome to 11521 Bertram St — a charming, beautifully maintained home offering the perfect blend of comfort, space, and convenience in the highly sought-after Lake Ridge community. This home has been thoughtfully updated with major improvements already completed, including a new roof (2025), new front door (2025), furnace & HVAC (2022), and a hot water heater (2023), plus fresh paint throughout the house and freshly painted shutters for a clean, move-in-ready feel. On the main level, the home opens into bright living and dining spaces with great ceiling and window heights that bring in abundant natural light. The eat-in kitchen features a breakfast bar and leads right out to a Trex deck—your front-row seat to the picturesque Occoquan Reservoir, where you can spend countless hours enjoying the sights and sounds of nature on the water. Upstairs, you’ll find a huge owner’s suite with its own luxury bath and walk-in closet, along with large secondary bedrooms and updated bathrooms designed for everyday comfort. Downstairs, the lower-level walkout adds flexible space for whatever you need most—rec room, home office, gym, or guest area—and it’s anchored by a cozy gas fireplace for those relaxing nights in. You’ll also appreciate the attached garage and driveway parking for everyday convenience. Location is the cherry on top. You’re close to shopping, dining, parks, pools, tot lots, walking trails, and commuter options, with easy access to I-95 and nearby VRE stations. Plus, you’re just minutes from Potomac Mills and within reach of Washington, D.C., making this a great fit for both lifestyle and commuting. Don’t miss the opportunity to make 11521 Bertram St yours and enjoy all that Lake Ridge has to offer — schedule your private showing today, and thank you for visiting!
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.
