**Join us for an Open House on Saturday, May 2 from 1–3 PM.** Experience refined living in this absolutely stunning home offering over 4,300 finished square feet, 4 bedrooms, 3.5 baths, and an oversized 2-car front-load garage which is perfectly situated on a premium lot with serene pond views. From the moment you enter, the grand foyer with elegant tile flooring sets the stage for the impressive open-concept design, filled with natural light and thoughtfully designed for today’s lifestyle. The gourmet kitchen is a true showpiece, featuring granite countertops, upgraded black cabinetry, custom backsplash, double ovens, electric cooktop, stainless steel appliances, pendant lighting, a spacious pantry, and a large island with breakfast bar seating. Designed for both everyday living and entertaining, the kitchen opens effortlessly to the expansive living and dining areas. The living room is highlighted by a tray ceiling and recessed lighting, adding a touch of sophistication. Retreat to the luxurious main-level owner’s suite, complete with a spacious bedroom, an impressive walk-in closet, and a spa-inspired en-suite bath featuring dual comfort-height vanities, an upgraded tiled walk-in shower with frameless glass door, bench, and transom window. Two additional generously sized bedrooms share a well-appointed hall bathroom with double vanities. A dedicated main-level office with French doors, a stylish powder room, and a well-equipped laundry room with custom cabinetry and utility sink complete the main level. The fully finished lower level offers exceptional versatility, featuring a large recreation space, a custom wet bar with granite countertops, upgraded cabinetry, and a beverage refrigerator which is perfect for entertaining. A private guest suite with a spacious bedroom and full bath provides ideal accommodations, while two large storage rooms and walk-up access to the backyard add convenience. Step outside to your private outdoor retreat, where a beautiful Trex deck overlooks peaceful pond views which is ideal for relaxing evenings and stunning sunsets. An irrigation system with four zones ensures the grounds remain lush and well-maintained. Ideally located near the Promenade at Virginia Gateway, offering an array of upscale dining, shopping, and entertainment, including Regal Cinemas. This exceptional home combines luxury, space, and an unbeatable location. Schedule your private showing today and make it your 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.
