***BACK ON MARKET! BUYER UNABLE TO PROCEED FOR REASONS UNRELATED TO PROPERTY***Welcome to one of Centreville’s best-kept gems! This lovingly cared-for townhome has been owned by the same owner for the past 15 years, and the pride of ownership shows in throughout the home and every perfectly tended corner of the yard. Step inside and you’re greeted by a bright, inviting main level with hardwood floors, fresh neutral paint, and a layout that feels instantly like home. The updated kitchen is ready for your next dinner party, weeknight meal, or “I swear I’m cooking more this year” era — featuring newer stainless steel appliances, updated finishes, and plenty of space to make everyday living feel easy. But the charm doesn’t stop inside! Out back, garden lovers, this one’s for you. The fenced backyard features meticulous landscaping and dedicated garden plots, creating the perfect little outdoor retreat for planting herbs, growing flowers, sipping morning coffee, or simply turning it into your own private outdoor retreat. Upstairs, you’ll find spacious bedrooms with vaulted ceilings and brand new carpet that make the home feel extra clean, bright and airy. A connected Jack-and-Jill bathroom with a double sink makes everyday routines extra convenient. Downstairs, the walk-out basement gives you the flexible bonus space everyone wants — complete with a full bathroom! Whether you need a rec room, guest suite, home office, gym, movie lounge, or all of the above, this level is ready to flex with your lifestyle. Big-ticket items? Already handled. The HVAC was completely replaced in 2017, with timely bi-annual serving and maintenance, the hot water heater was replaced in 2021, and all new windows in 2021, giving you peace of mind where it matters most. Parking is easy too, with two assigned spaces plus a visitor parking pass and plenty of available street parking for guests. Location-wise, it doesn’t get much more convenient. Just minutes to Interstate 66, Route 28, and 29, commuting is a breeze. You’re close to Fair Oaks Mall, Washington Dulles International Airport, and everyday favorites like Trader Joe’s, Costco, and Wegmans. Even better, daily conveniences like Giant Food and Starbucks are just a short walk away, along with local shops, cafés, and nearby trails that make it easy to get outside and enjoy the day. What are you waiting for? Pack your gardening gloves, your favorite coffee mug, and your moving boxes — home is calling!
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.
