Beautiful all brick luxury end unit townhouse, stylish and inviting decor, large creation room w/ceiling fan, gas fireplace, marble surround & white mantle and one full bathroom; lower-level den with walkout to brick patio and backyard, on the main level, spacious formal Living Room & Dining Room with triple crown molding and bay window, bump out adds sunlit morning room with windows on two side, great kitchen with granite counter tops & island, stainless appliances and eat-in, hardwood floor, extremely versatile floor plan with lots of space, large deck in serene views of trees, ideal for outdoor relaxation and gatherings. Top Level includes Luxurious Master Bedroom with two walk-in closets built in with shelving/drawers, vaulted ceilings w/plant shelf, renovated master bath featuring a soaking tub and separate shower. Two additional spacious bedrooms with vaulted ceilings and plant shelves, a renovated full hall bathroom and a laundry room. One car garage, walking distance to Harris Teeter and Herndon Park and ride. 3 bedrooms,3full baths and one-half baths. Access to pool and tennis court included in the HOA. This is a must see if you're looking for a home close to the Toll Road, Reston Town Center, and the Fairfax County Parkway. MANY UPGRADES in this Woodland Park, Herndon home with total 2422 finished SQFT. Upgrades （over 100K） includes Nov 2024 -50 Gallon Water Heater （Gas）40,000btu Jun 2021 - Master Bath & Full Bath Renovation Mar 2021 - HVAC System: Trane XR14 4 Ton 14 SEER XV80 100,000 BTU 80% Two Stage, Variable Speed Furnace July 2019 - New Roof Architectural Shingles & New Windows Apr 2019 - Covered Half-Bath Basement to Full Bath - Fairfax Permit #191120286& 191160150 Dec 2015 - Recessed Lights throughout Mar 2007 - Deck
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.
