OPEN HOUSE SUNDAY MAY 3 FROM 12-3PM: This beautiful Home is tucked away in the highly sought-after community of Clifton, VA! With NO HOA, this exceptional luxury CUSTOM home offers the perfect blend of elegance, comfort, and modern upgrades. Fully renovated and thoughtfully designed, this stunning residence boasts over 3,300 square feet of living space with 4 bedroom, 3.5baths & oversized garage set on a picturesque 2-acre lot (hot-tub will not convey). The current owners have invested almost $250,000 in updates during their ownership, with some of the bigger-ticket items being a FULLY FINISHED lower level 2023 with drybar & 3 tv's, NEW water heater, NEW water purification system, NEW Generac home generator, NEW RV hookup, NEW copper piping in utility room, modern light fixtures, extensive exterior hardscape remodel, RV Hook-up, NEW roof, NEW sliding glass door from the kitchen to one of the decks, oil burner (2017), HVAC 2019, Windows 2019, Skylights (2023 & 2026) AND MANY MORE UPDATES AND UPGRADES! Step inside to a light-filled main level with a spacious living room flowing seamlessly into a beautifully appointed open-concept kitchen and dining area, featuring granite countertops, exposed brick, custom woodwork, and a cozy wood-burning fireplace. A butler’s pantry adds both charm and functionality. Upstairs, you’ll find three generously sized bedrooms, EACH with its own WALK-IN CLOSET. The primary suite serves as a peaceful retreat with a fully remodeled en suite bathroom, and just off the primary bath is an unfinished space—perfect for additional storage or ready to be finished to expand your living space even further. The additional Hall bathroom has also been tastefully updated with modern finishes. The lower level offers a large fourth bedroom with its own en suite and decorative fireplace with wood stove hookup—perfect for guests or multi-generational living—as well as 3 spacious walk-in closets for storage. Additionally you'll find 447sq ft of NEWLY FINISHED office and behind a bookshelf door a bonus room/entertainment space/recreation room with dry bar, and door leading to outdoor patio and firepit. Outdoor living is just as impressive, with four sets of sliding glass doors leading to two expansive decks that overlook the beautifully manicured grounds. Enjoy your own private oasis complete with slate walkways, lush landscaping, and a charming brick fire pit. This meticulously maintained property offers a rare opportunity to own a truly special home in one of Northern Virginia’s most desirable locations.
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.
