Your opportunity to own a nearly new, four-level townhome at a great price! Built in 2022, this spacious home offers four finished levels of stylish, functional living designed for today's lifestyle. The entry level features a two-car garage, a convenient welcome center/drop zone for everyday essentials, and a generous flex room perfect as a home office, fitness room, playroom, or additional living space. The plumbing is already roughed in for a future half bath, offering even more potential. The heart of the home is the stunning gourmet kitchen, thoughtfully designed for both everyday living and entertaining. It features an oversized center island with seating, sleek quartz countertops, rich espresso cabinetry with modern hardware, a classic subway tile backsplash, stainless steel appliances including built-in Whirlpool smart wall ovens and microwave, a gas cooktop, and abundant cabinet and counter space. Stylish pendant lighting, recessed lights, and luxury vinyl plank flooring complete the contemporary design. The open-concept layout flows seamlessly into the spacious eat-in kitchen and family room, creating the perfect gathering space for family and friends while filling the home with natural light. Upstairs, the spacious primary suite offers a tray ceiling, ceiling fan, walk-in closet, and a private ensuite bath. Two additional bedrooms, a full hall bath, and a conveniently located laundry area complete the third level. The fourth-floor loft provides exceptional flexibility as a media room, guest suite, home office, or recreation space. A separate AC with remote control keeps this level comfortable year-round. Step outside onto the rooftop terrace and enjoy peaceful views, including a glimpses of the Potomac River. Living in Potomac Shores means enjoying an unmatched lifestyle with 3 resort-style pools, a state-of-the-art fitness center, clubhouse, playgrounds, over nine miles of scenic wooded trails, Verizon Fios internet, trash service, and the renowned Jack Nicklaus Signature Public Golf Course. You'll also appreciate being just down the street from the Town Center and from the future VRE station, making commuting even more convenient. This is an incredible opportunity to enjoy modern construction, exceptional community amenities, and outstanding value.
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.
