Nestled in the sought-after Occoquan Heights community, come experience a home where comfort, charm, and thoughtful design come together, and it's just a stone’s throw from the heart of downtown Occoquan. From the moment you step inside this beautiful end-unit townhome, you’re welcomed by a bright, inviting atmosphere, where plantation shutters filter in natural light and elegant crown molding and recessed lighting add a touch of warmth across the main and lower levels. At the center of the home, your beautiful kitchen features granite countertops, espresso cabinets flowing seamlessly into the dining and living spaces, perfect for both quiet evenings and lively gatherings. Just off the kitchen, sip your morning coffee on your private deck, or unwind and watch the stars in the evening. Upstairs, beautiful hardwood floors guide you into the spacious primary suite, a retreat complete with a walk-in closet featuring a custom organizing system. The primary bath offers tray ceilings, dual vanity and refined finishes, and don't miss the designer linen closet with built-in lighting, another feature that creates a spa-like feel for your daily routine. The upper level is completed with laundry area with new washer and dryer, 2 additional bedrooms and a dual vanity hall bath to provide a welcoming space for guests or family. The lower level extends your living space with a stylish recreation room featuring beautiful tile floors and recessed lighting, where you can relax for movie nights or make the area an exercise room. Surprise there is also a 4th Bedroom ensuite – use it as you wish - a home office or guest quarters. Thoughtful touches like under-stairs storage ensure everything has its place. Outside, relax in your own private oasis. The fully fenced backyard with a hot tub creates a peaceful escape where you can unwind after a long day. Just a stone’s throw from historic downtown Occoquan, you’ll love the easy access to charming boutiques, waterfront dining, scenic parks, and commuter routes, all while enjoying the tranquility of this established community. Don’t miss the opportunity to make this home yours.
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.
