Welcome home to Holly Forest! This bright and airy elegant home in Manassas offers the perfect blend of sophisticated style and modern comfort! Step inside to discover gleaming hardwood floors flowing throughout the welcoming foyer and into the elegant living room, featuring a large picture window that floods the space with abundant natural light. Continue through the stately columns into the formal dining room, which showcases elegant chair rail and crown molding and a beautiful bay window. Rich hardwood flooring continues through the newly updated kitchen (2025), boasting refreshed cabinetry, sleek granite countertops, and all new appliances, including a convenient double wall oven. The island bar opens into the light-filled breakfast nook and inviting family room with a striking tray ceiling and cozy fireplace to enjoy this Winter. Off the foyer, a sophisticated home office with refined molding provides the perfect work-from-home space. Upstairs, discover the decadent and enviable primary bedroom suite featuring luxury vinyl plank flooring, a dramatic vaulted ceiling, an absolutely massive walk-in closet with custom closet system, and your own private sitting room perfect for unwinding and enjoying a moment of peace at the end of the day. The recently renovated en suite bathroom showcases two separate vanities and a sleek frameless glass door shower with stylish tile surround. Three additional generously sized bedrooms feature new soft carpet (2025) and ample closet space, sharing a second full bathroom in the hallway. Downstairs, the lower level offers flexibility with a versatile recreation room that features plush carpeting and recessed lighting, plus a huge dedicated storage room and third full bathroom. Step outside to enjoy the stunning enclosed porch with a soaring vaulted ceiling and beautiful wood accent wall, creating a serene retreat perfect for relaxing all year long. Beyond the porch, a spacious wooden deck provides additional entertaining space, while the large fenced backyard with mature trees offers privacy and peace. Additional updates to the home include all new lighting fixtures and a newer roof (2018). Conveniently located just minutes to Giant, Food Lion, downtown Manassas, Historic Occoquan, Potomac Mills Mall, Prince William Fairgrounds, and Prince William Park. Quick access to major routes including I-95, Route 1, Dumfries Road, and Prince William Parkway for easy commuting. Schedule a private tour today and start the new year off in your gorgeous new 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.
