Welcome to this beautifully updated colonial home located in the neighborhood of England Run neighborhood, known for its mature trees, sidewalks, and amenities. This home is full go upgrades you'll not want to miss! From the moment you arrive, you will feel the warmth and charm this home offers. Upon entry, you are greeted by beautiful wood floors flowing throughout the main level. A welcoming dining room with crown molding creates the perfect space for gatherings and special occasions. The kitchen and living room connect seamlessly, making everyday living and entertaining effortless. The kitchen features stunning granite countertops, white cabinetry, updated hardware, a deep stainless sink, and all stainless steel appliances. An extended countertop provides both additional storage and seating. The pantry has been thoughtfully updated with cabinetry, designer shelving, backsplash, and lighting that truly elevate the space. The living room is a true show stopper, highlighted by a gas fireplace that creates a cozy focal point and plenty of space for comfortable seating. A slider off the kitchen leads to an oversized Trex deck installed less than a year ago, ideal for outdoor entertaining or relaxing. The fully fenced backyard has been beautifully landscaped and offers a peaceful setting with mature trees and space to enjoy. Upstairs, wood floors continue throughout all three bedrooms. The laundry room is well appointed with tile flooring for added durability and style. The guest bathroom includes a tub and shower combination. The primary suite offers a private retreat with a closet featuring custom built ins, a standup tile shower, double sinks with ample storage, and a soaking tub. The lower level expands your living space with large tile flooring, a NTC bedroom that works perfectly for guests, a half bathroom, and a recreation area ideal for entertaining, a home office, playroom, or exercise room. Additional updates include a hot water heater less than a year old and updated light fixtures throughout the home. English Run offers a community with a swimming pool, playgrounds, dog park, and paved trails leading to the pool. Conveniently located just off Route 17, you will enjoy easy access to restaurants, coffee shops, and a variety of shopping options. Close proximity to the library, Quantico, I 95, commuter routes, and nearby parks makes this location ideal for both convenience and lifestyle. This is the one you have been waiting for.
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.
