Welcome to 1252 Corbett Place, a rare Colonial brick townhouse with a COVETED GARAGE, on a charming, picture perfect street lined with Cherry Blossom trees! This beautifully updated 3 Bedroom townhouse offers 2 Full Bathrooms, 1 Half Bathroom, and an inviting modern layout filled with natural light. Fresh paint, brand new plush carpeting, and thoughtful upgrades throughout create a warm and move-in-ready home. The Foyer features a vinyl entryway, a spacious coat closet, and a convenient Half Bath with new lighting and a new modern mirror. The large, open Kitchen is designed for both cooking and gathering, with stunning granite countertops, stainless steel appliances, a deep undermount sink, and extensive cabinetry with on-trend hardware. Four nearly floor-to-ceiling windows fill the space with sunlight, while the kitchen island and adjacent Dining area make everyday meals and entertaining effortless. The Dining area / Breakfast Nook is a bright and cheerful place to start the day, featuring neutral tile flooring, new pendant lighting, and a new door that opens to the backyard for easy al fresco dining. The open concept Living Room provides a spacious and comfortable setting for everyday living and hosting. Gorgeous hardwood floors, extended-height windows, and views of a Cherry Blossom-lined street make this space truly special. Upstairs, the Primary Bedroom offers a peaceful retreat with brand new carpeting, two sunny windows, and a custom walk-in closet complete with built-ins and chandelier lighting. The Primary Bathroom includes a large vanity with solid-surface countertop and a freshly reglazed tub and shower. Two additional Bedrooms, each with brand new plush carpet, abundant natural light, and fresh paint, share a full bathroom that has also been recently refreshed. The lower level features a freshly painted Recreation Room with brand new carpet and overhead lighting, perfect for movie nights, game nights, or casual lounging. This Rec Room is great flex space, so get creative and turn it into a Play Room, Home Gym, Home Office, Music Room, or Arts & Crafts space. Additional storage under the staircase keeps seasonal items neatly tucked away. A Half Bathroom, an enclosed Laundry Room, and interior access to the Garage add convenience to daily living. The Garage includes two heavy duty metal hanging racks and an electric opener. Outdoor living is just as enjoyable, with a freshly re-stained deck, a private fenced yard, and plenty of space to relax, dine, or entertain. Whether enjoying your morning coffee or hosting a weekend cookout, this backyard oasis is ready for every season. Residents of this vibrant community enjoy well-maintained common areas, a central playground, visitor parking, and included services such as trash, recycling, landscaping of common areas, and snow removal. The location is a commuter’s dream, offering quick access to I-95, Route 1, Route 123, the VRE, and nearby military bases. Minutes away, you can explore charming Occoquan, enjoy the outdoor beauty of Leesylvania State Park, Neabsco Boardwalk, regional parks, and countless trails and waterfront areas. Shopping and dining are abundant, with Potomac Mills, Stonebridge at Potomac Town Center, Wegmans, Costco, and numerous restaurants all close by. Combining comfort, style, and unmatched convenience, this beautifully maintained townhouse is ready to welcome you 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.
