**Open House on Sunday, March 15th from 2:30-4:30pm** Welcome Home to 13042 Taverner Loop! This beautifully maintained and thoughtfully updated 5-bedroom, 3.5-bath residence offers approximately 4,442 finished square feet of elegant, functional living space designed for both everyday comfort and effortless entertaining. Over $100k+ value worth of home updates and upgrades throughout!!! A grand two-story foyer welcomes you inside, where gleaming hardwood floors and a sweeping staircase immediately set a refined tone. The formal dining room, adorned with crown molding and classic judges paneling, sits gracefully across from the formal living room — creating the perfect setting for gatherings, celebrations, or quiet evenings at home. At the heart of the home, the updated chef’s kitchen blends style and practicality. Refinished solid wood cabinetry with updated hardware adds a clean, modern touch and the updated kitchen features brand new countertops, a gas cooktop, wall oven, refreshed finishes, and an expansive island with generous prep space. It opens seamlessly into the inviting family room with fireplace — a warm and connected space ideal for hosting or relaxing. Recent upgrades add both beauty and value across the home, including a stunning renovation of the master bathroom, a fully updated upstairs hall bath, elegant new chandeliers and light fixtures, new basement flooring, and a refreshed deck with brand new boards and fresh paint — creating a move-in ready experience throughout. Upstairs, a loft-style sitting area connects four spacious bedrooms. The expansive primary suite serves as a private retreat, complete with its own sitting area, dual vanities, a soaking tub, and separate shower — thoughtfully designed and updated for comfort and privacy. The fully finished, garden-level basement offers exceptional versatility with bright windows, French doors to the backyard, a fifth bedroom, and a full bath. A custom wet bar with cabinetry provides the opportunity to easily convert the space into a full in-law suite or private apartment setup. Step outside to a beautifully terraced backyard garden designed for relaxation and entertaining, while the spacious deck invites you to gather with family and friends. Additional highlights include a two-car garage with extra driveway parking, a roof just three years old, and HVAC systems replaced within the last six years. All of this with convenient access to Washington, D.C., shopping, dining, close proximity to Potomac Mills mall, as well as scenic local parks. This will be one of the premier homes available for sale in the entire neighborhood! Schedule your private showing today — this is one you don’t want to miss.
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.
