THE PERFECT BLEND OF FUNCTION, COMFORT & WATER ACCESSIBLE LIFESTYLE This is the home buyers have been waiting for—offering exceptional features, thoughtful updates, and a lifestyle that truly stands apart. Welcome to a Golf Cart Community that is in the Town of Colonial Beach and No HOA. A rare highlight of this property is the impressive 30' (D) x 26 '(W)’ detached garage with 12-foot ceilings and a separate electrical panel—a highly sought-after feature that delivers unmatched versatility. Ideal for car enthusiasts, hobbyists, or those needing space for a boat, jet skis, kayaks, or workshop, this structure is a true game changer. Complete with two garage door openers, its own electrical panel, and a repaved driveway (2024), this amenity is as functional as it is valuable. Designed for effortless living, the one-level floor plan offers a seamless, step-saving layout that today’s buyers desire. Nestled on a quiet circle with no through traffic, the setting provides both privacy and peace of mind. Additional exterior features include security lighting and driveway patrol, which convey. Inside, the home is enhanced with newer luxury vinyl plank (LVP) flooring throughout, combining durability with modern style. The kitchen is well-appointed with stainless steel appliances, gas cooking, a new built-in microwave, and granite countertops, creating a clean and updated aesthetic. Major systems have been thoughtfully maintained, including a newer HVAC system (within the past 3 years). Propane fuels the cooking and hot water heater. The Fireplace is wood burning!! The family room, centered around a cozy gas fireplace, offers the perfect gathering space. The primary suite provides a comfortable retreat, complete with a luxurious bath and a spacious walk-in closet. One of the home’s most inviting features is the screened-in porch, ideal for enjoying morning coffee, evening relaxation, or entertaining guests across multiple seasons. Enhancing the lifestyle appeal, the property is just a short stroll to the Potomac River, where residents can enjoy water views and access to a community boat slip—perfect for those who appreciate boating, nature, and waterfront living. This home offers more than just a place to live—it delivers a unique blend of comfort, functionality, and lifestyle. Items that do not convey: Pool table, Classic Car, Pinball Machines, and Antique Mantle. Agent & Seller related
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.
