Open House Sunday, June 7, from 1-3 pm. Discover this rare gem boasting a 2-Acre Wooded Lot • Heated Saltwater Pool • Occoquan River Boat Ramp Access • New Roof & Siding (2024), new water heater & well water pressure tank. Beautiful move-in condition home on private 2-acre wooded lot located in sought-after Cannon Bluff! Homeowners enjoy a private gated access to the 12-acre Cannon Bluff HOA park along the Occoquan River, boat launch ramp, floating dock, and forested hiking trails. Swing your cares away on the expanded front porch. Gleaming HWD Floors & ceramic tile on main level and upper stairs. The country eat-in kitchen boasts white cabinetry, a walk-in pantry with optional secondary laundry hookups, stainless steel appliances featuring a new 4-door refrigerator with a craft icemaker, and a new bow bay window (2024) highlighting rear yard views. The adjacent family room includes a wood-burning fireplace with a sliding glass door to an expanded 16' X 12' wood deck! Outdoor living spaces feature a heated 21-foot round saltwater above-ground pool with an integrated deck & dedicated pool heat pump in addition to the primary 2-zone heat pump system. The upper-level spacious four bedrooms with large closets and new carpets installed in the primary & second bedroom, plus a bonus walk-in hallway storage closet! The fully finished, lower-level, daylit recreation room includes a newer sliding glass door to the lower patio. In addition, the lower level features a legal fifth bedroom with a walk-in closet and adjoining upgraded full bathroom. Hobbyists will enjoy access to the integrated garage, perfect for a workshop/hobby room. The asphalt-paved driveway can accommodate multiple vehicles, plus a dedicated off-street RV parking pad with an electrical hookup. This special home will be your favorite staycation spot. ____________________________________________________________________________________________________________________ 📍 Nearby Amenity List: Cannon Bluff Private HOA Park & Boat Ramp: 0.4 miles • Prince William Farmers Market: 1.4 miles • Shops at County Center (Harris Teeter, Dining, Retail): 1.9 miles • Westridge Elementary School: 1.9 miles • Pfitzner Stadium Complex / Prince William Ice Center: 2.2 miles • Food Lion Shopping Center: 2.2 miles • Louise A. Benton Middle School: 5.1 miles • Charles J. Colgan Sr. High School: 5.5 miles • Historic Town of Occoquan: 7.5 miles
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.
