Nestled in the highly sought-after Elysian Heights community of Leesburg, this beautifully maintained 5-bedroom, 3.5-bath home offers the perfect blend of comfort, functionality, and everyday elegance. Built in 2007 and offering over 3,500 finished square feet, this home welcomes you with its timeless brick-and-Hardie plank exterior, manicured lawn, and inviting curb appeal that immediately feels like home. Inside, the main level is designed for both living and entertaining, featuring a bright formal living and dining room and a dedicated home office, ideal for today’s flexible lifestyle. The heart of the home is the spacious family room with a cozy gas fireplace, seamlessly flowing into a well-appointed kitchen complete with a large center island with seating, stainless steel appliances, generous cabinetry, and an expansive pantry. Upstairs, the primary suite serves as a true retreat, featuring a large walk-in closet and a spa-like bath featuring dual vanities, a soaking tub offering mountain views, and an oversized shower. Three additional bedrooms, a full bath, and a conveniently located laundry room with a utility sink and ample storage complete the upper level. The fully finished walk-out lower level expands your living space, offering endless possibilities for entertaining, recreation, or relaxation. Wired for a home entertainment system, this level also includes a fifth bedroom and a full bath, perfect for guests, extended family, or a private suite. Step outside to an inviting deck just off the kitchen, where you’ll enjoy peaceful views of Sugarloaf Mountain, perfect for morning coffee or evening gatherings under the stars. Recent updates provide peace of mind and modern comfort, including a new roof (2025), upper-level HVAC system (2024), brand-new carpeting, and fresh neutral paint throughout (2026). Beyond the home itself, the lifestyle in Elysian Heights truly sets this property apart. Ideally positioned next to two expansive common areas, this home is just a short walk to the community pool, clubhouse, playground, and tennis courts. Residents enjoy a welcoming, family-friendly atmosphere with open green spaces, quiet streets, and sidewalks perfect for evening strolls, bike rides, and outdoor play. The sense of community here is unmatched; neighbors become friends, and every day feels both connected and peaceful. This is more than just a home; it’s a place to live, gather, and create lasting memories in one of Leesburg’s most desirable neighborhoods. Some images have been virtually staged.
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.
