Welcome to 14890 Falconaire Place, a stunning estate home where luxury, comfort, and endless possibilities come together on a sprawling 3-acre lot in Leesburg, Virginia. Built in 2020, this exquisite residence offers over 5,200 square feet of thoughtfully designed living space, blending modern elegance with timeless charm. <br> <br> From the moment you step inside, you'll be captivated by the open and airy layout. The main level boasts a formal living room, a front room perfect for a home office, and a beautifully defined dining area ideal for hosting memorable gatherings. The gourmet kitchen is a chef’s dream, featuring top-of-the-line appliances, gleaming hardwood floors, and a sun-drenched breakfast area, perfect for starting your day with a cup of coffee. Just off the kitchen, the spacious family room invites you to unwind by the cozy gas fireplace, making it the perfect place to relax or entertain. <br> <br> Upstairs, you’ll find four generously sized bedrooms, including a luxurious primary suite designed for ultimate comfort. With dual walk-in closets and a spa-like ensuite featuring double vanities, this retreat is your private escape at the end of the day. The laundry room is located on this floor for added convenience. <br> <br> The fully finished basement offers even more space to customize, create your dream home theater, gym, or recreation room to suit your lifestyle. <br> <br> But the true highlight of this home is the breathtaking 3-acre lot. Imagine summer evenings by a custom pool, hosting backyard barbecues on a sprawling patio, or cultivating your own private garden oasis. With this much space, you even have the option to add a guest house, barn, or workshop, whatever fits your vision. <br> <br> Beyond the home, Leesburg offers the perfect blend of historic charm and modern convenience. Stroll through the vibrant downtown, where cobblestone streets lead to locally owned boutiques, award-winning restaurants, and charming coffee shops. Outdoor enthusiasts will love the nearby parks, nature trails, and access to the Potomac River for kayaking and scenic hikes. The area is also known for its renowned wineries, championship golf courses, and year-round community events, from farmers' markets to lively festivals. With top-rated schools, easy access to major commuting routes, and a welcoming small-town atmosphere, Leesburg is a place where you can truly have it all. <br> <br> Don’t miss this rare opportunity to own a home where elegance meets endless potential. Schedule your private tour today and start envisioning your future at 14890 Falconaire Place!
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.
