Beautiful move in ready 3 BR, 2 1/2 Bath condominium with a one car garage. This large 2360 SQFT multi-level condo offers luxury living. This condo boasts an open and yet traditional floor plan, ideal for both relaxation and entertainment. The large living room can be used alone for a large gathering space or can also share the space for a dining room. There is a nice half bath also on the main level. The gourmet kitchen features a breakfast seating area at the long island with lots of storage, granite countertops, SS appliances, maple tall cabinets and an adjoining family room. There are blinds throughout, an upper-level laundry with front load washer and dryer, a one car garage with a garage door opener, driveway with one car parking and a balcony on the main level with tree views. Enjoy the primary bedroom retreat with a large walk-in closet, and full primary bath with double vanity, and oversized walk in shower. The other two bedrooms are good size with full closets and window. The upper guest bath has a shower/bath combo and nice vanity. This location is a homeowner and commuters dream. Close to Sentara Hospital, shopping centers, including Stonebridge at Potomac Town Center and Potomac Mills Mall. Nature enthusiasts will appreciate the nearby parks and recreational activities, such as Potomac Heritage National Scenic Trail, Occoquan Regional Park Mason Neck and Lake Ridge Park. Commuter dream with easy access to the VRE commuter train - Rippon Station is conveniently located within a mile, Prince William Parkway, Dale Blvd, Opitz Blvd, Route 1, and I-95. There is a motion detector flood light, a Ring door bell with camera and an exterior camera on garage door that convey. This property qualifies for The United Bank Welcome Home $10,000 Grant. Contact the listing agent or United Bank for more information.
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.
