MAJOR PRICE IMPROVEMENT: Enormous 2,618 SQ FT Turn-Key Luxury Under $560K! ***OPEN HOUSE - SUNDAY 11-1PM***Why compromise on space or settle for a standard townhouse with a rear view of the neighbors? This incredible find boasts private scenic rear views of Neabsco Creek, protected wetlands and the popular Neabsco Boardwalk which transverses the wetlands where abundant wildlife, like herons, ducks and turtles are abundant all the way to the Potomac River. Welcome to an exceptional 3-bed/3.5-bath 3-level townhome boasting rare 3-level structural 10x10 bump-outs and dramatic 11-foot ceilings. This home delivers the expansive square footage of a detached single-family property at an unbeatable value. Step inside and be greeted with a crisp open floor plan and a turn-key move-in ready vibe. This true gem boasts fresh professional paint (interior and exterior), glistening main-level hardwoods, and plush, brand-new carpeting throughout. The main level flows effortlessly past a 3-sided gas fireplace and into a bright, sunlit gourmet kitchen featuring a brand-new refrigerator, new faucet, Jen-Air double wall oven, center island gas cook-top with grill, granite countertops and premium cabinets. Upstairs features 3 generous bedrooms, including a sprawling master retreat with a walk- in closet, double vanities, a deep soaking tub, and a separate shower with private scenic views from the protected wetlands to the Potomac River. The massive walk-out lower level offers ultimate flexibility with a huge rec room, a full bathroom, and a private 4th bonus room with a closet—ideal for an au-pair suite, a home office, or a gym. UNMATCHED PRIVACY & VIEWS: Forget looking into a neighbor's window. Your permanent private rear yard backs directly to a beautifully maintained, professionally managed drainage/duck pond and the protected Julie J. Metz Neabsco Creek Wetlands Preserve, Neabsco Creek and the Potomac River. Enjoy permanent, tranquil green privacy with glimpses of the Potomac River in the distance, knowing no one can ever build behind you. This private rear is a blank canvass for a new owner to customize to their tastes. Enjoy a daily walk to the Neabsco Boardwalk with ease enjoying the picturesque Rippon Lodge along the way. RISK-FREE SYSTEMS UPGRADES: Skip the stress of future maintenance costs! This home features a newer HVAC system (2023/24), a newer commercial hot water heater (2020), a brand-new dryer (2026) and newer washer (2023), new front door (2026), refrigerator (2026) and kitchen faucet (2026). Superbly located near I-95, Rippon and Woodbridge VRE stations, Fort Belvoir and Quantico, Neabsco Regional Park, Rippon Lodge, Potomac Town Center and Potomac Mills. Low $129/mo HOA covers trash, snow removal, pool, fitness center, tennis courts, community center and playground. Complete with 2 assigned parking spots and 3 additional visitor spaces right next to your unit. This value cannot be matched—schedule your tour today before it’s gone
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.
