Don't miss your chance to call sought-after Sheffield Manor home! Opportunities like this don't last long. This beautifully updated colonial offers over 4,000 square feet and a backyard built for summer. This 4-bedroom, 3.5-bath home has been meticulously maintained and updated throughout. The main level flows from a gracious foyer into a formal living and dining room with bay bump-outs, a main-level office with a view of the pool, and an open-concept kitchen and two-story family room anchored by a brand new gas fireplace (2026). The renovated kitchen (2023) features refinished cabinets, new countertops, a new backsplash, center island, pantry, recessed lighting, and fully updated stainless steel appliances. The backyard is where this home truly shines. The fully fenced yard (2025) surrounds a beautifully refreshed heated inground pool, outdoor speakers, and night lighting, completely updated in 2025 and ready for summer. A screened porch, pergola, and shed complete the outdoor living package. Upstairs, the owner's suite impresses with a vaulted ceiling, walk-in closet, and a fully renovated 2026 primary bath featuring a clawfoot soaking tub and dual-head shower. Three additional bedrooms share a renovated 2026 hall bath, and the upper-level laundry (washer/dryer 2021) adds everyday convenience. The walk-up basement delivers incredible flex space: a home theater area, wet bar, den with dual closets, full bath, and generous storage throughout, perfect for entertaining or multigenerational living. Major systems are in excellent shape: 2018 architectural roof, 2015 replacement windows, 2021 furnace, and 2025 pool. Sheffield Manor amenities include an Olympic-size community pool, clubhouse, tennis, pickleball, and basketball courts, walking trails, and a 2-acre fishing pond. Easy access to I-66, Rt. 28, VRE, and all Gainesville/Bristow shopping and dining. You could be hosting your Memorial Day pool party here - come see it before it's gone!
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.
