Classic charm meets crisp updates in this turn-key beauty in sought-after Lake Montclair—and she delivers. Zoned to award-winning Henderson Elementary, Saunders Middle, and Forest Park High, this one checks the boxes for both lifestyle and peace of mind. Set on a premium lot, the backyard is lush, fully fenced, and ready for a game of catch, all framed by serene views of trees, the golf course, and Powell’s Creek below. It’s the kind of setting that just feels good the moment you arrive. Inside, cohesive flooring carries you through the main level. The front living room is spacious enough for a full sectional and flows seamlessly into the formal dining room. The fully renovated kitchen shines with high-end quartz countertops, stainless steel appliances, and a pass-through window that keeps you connected to the cozy family room—complete with a fireplace, classic mantel, and marble accents. Just off the family room, the sun porch is a true highlight, offering a peaceful spot to soak in the views with direct access to the freshly refreshed multi-level deck. A crisp powder room and convenient access to the two-car garage round out the main level. Upstairs, the primary suite features a beautifully renovated bath with a walk-in shower, while three additional bedrooms offer great space, smart layouts, and ample closet storage. The fully finished walk-out basement adds even more flexibility, with a freshly painted rec room that opens to the backyard—perfect for movie nights, play space, or whatever you need. And the value here is real: a 3-year-old roof, Carrier HVAC, LG washer (2020), new garage floor (2025), new gutters (2025), and electrical panel upgrades (2024) mean the heavy lifting is already done. All of this just around the corner from Hockersmith Park, in the area's most loved community, where you will enjoy all the incredible amenities Montclair has to offer including a 109-acre stocked lake with those three sandy beaches, boat ramp, boat storage, fishing piers, playgrounds/tot lots, ball fields, exercise stations, new dog park, 18-hole golf course with full-service Country Club, ...the list goes on! Easy access to I-95 and nearby commuter lots/buses make it easy to commute to DC, the Pentagon, and beyond. Home is currently enrolled in a premium home warranty with the option to transfer to buyer at closing. BONUS, this is a Project My Home Approved Listing. Qualified buyers may be eligible for a fixed interest rate as low as 4.99% through the seller’s preferred lender program. Buyer must qualify and speak directly with lender for full details, program terms, and disclosures. Rate, APR, and program availability subject to borrower qualification and may change without notice.
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.
