Set on a breathtaking 5.22 -acre homesite with sweeping countryside views, this stunning home offers the perfect blend of space, comfort, and peaceful Loudoun County living. A charming inviting front porch welcomes you and sets the tone for the warmth and elegance found throughout the home. Inside, you’ll find beautiful hardwood floors, custom paint, and an open, light-filled layout designed for both everyday living and entertaining. The gourmet kitchen is the heart of the home, featuring an expansive center island, abundant cabinetry, and a separate morning room surrounded by windows that capture the incredible views of the surrounding landscape. The spacious family room with a cozy gas fireplace provides the perfect gathering space, while the main-level office offers a quiet place to work from home. Formal living and dining rooms add additional flexibility for entertaining. A convenient mudroom with washer and dryer on the main level enhances everyday functionality. Upstairs, the luxurious owner’s suite offers a peaceful retreat with a large walk-in closet and a spa-inspired bath. Generously sized secondary bedrooms and two additional full baths provide ample space for family and guests. The walk-out basement is ready for future expansion, giving you the opportunity to create additional living or recreation space tailored to your needs. Outdoor living is where this property truly shines. An expansive deck overlooks the rolling countryside, offering incredible views and a tranquil setting for morning coffee, sunset dinners, or simply enjoying the serenity of your private five-acre retreat. Completing the home is a three-car garage and expansive grounds, providing room to roam while enjoying the privacy and beauty that make Waterford one of Loudoun County’s most sought-after locations. Waterford View Estates has over 70 homes and is located halfway between the quaint town of Lovettsville and the historic village of Waterford. Situated at the foot of the Blue Ridge mountains in Western Loudoun County, the residents enjoy expansive pastoral and mountain views. This close-knit friendly community offers small town living with comfortable estate homes and properties.
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.
