This exquisite 4-bedroom, 3.5-bathroom townhouse, built in 2024, boasts a harmonious blend of luxury and comfort, offering 2,651 sq. ft. of meticulously crafted living space. Step inside to find an open floor plan that seamlessly connects the family room and dining area, perfect for entertaining or quiet evenings at home. The gourmet kitchen features upgraded Quartz countertops, an island, and energy-efficient stainless steel appliances, ensuring culinary delights are just a heartbeat away. Enjoy the warmth of a gas fireplace in the family room, creating a cozy ambiance for gatherings. Retreat to the primary suite, complete with a walk-in closet and a spa-like bathroom featuring a walk-in shower. Additional highlights include recessed lighting, luxurious vinyl plank flooring, and a convenient main-floor laundry. The upper level features a flex bonus room perfect for continuing the entertainment with access to a roof top deck. An additional Owner's Suite and Ensuite Bath along with two spacious bedrooms and a third full bath complete this incredible upper level. Outside, the property features low maintenance landscaping and a spacious rear yard, ideal for relaxation or outdoor activities. Enjoy community amenities such as a clubhouse, a fun Pickle Ball court and an inviting outdoor pool, fostering a sense of camaraderie among neighbors. With an attached two-car garage and maintenance-free living, this home offers the perfect blend of elegance and ease. Experience the exclusive lifestyle that Robinson Manor has to offer - just minutes from Historic Haymarket boasting shops and dining galore as well as easy access to Rt29, I-66 and Rt15! - where luxury meets community.
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.
