Welcome to 1592 Dorothy Ln, a beautiful 3-level townhome condo with a 1-car garage, offering 4 bedrooms, 3.5 bathrooms, and just over 2,200 square feet of stylish, light-filled living space in the sought-after Featherstone Station community. The main level features an open-concept layout with wide LVP flooring and LED lighting throughout. The gourmet kitchen is an entertainer’s dream—highlighted by an impressive 11-foot island, quartz countertops on all surfaces, stainless steel appliances, and a generous dining area. The adjoining living room offers plenty of space to unwind or host gatherings, whether it’s game night or a cozy evening in. Upstairs, the spacious primary suite includes a walk-in closet and a private bath with dual vanities. Two additional bedrooms and another full bathroom complete the upper level. The fully finished walk-out lower level adds exceptional flexibility with a fourth bedroom and a full bathroom—perfect for guests, multigenerational living, a private home office, or income-producing potential. Step outside to the rear deck for easy outdoor living and entertaining. The garage provides secure parking as well as additional storage options. Featherstone Station is known for its well-maintained surroundings and unbeatable convenience. The condo fee covers water, sewer, exterior maintenance including the front yard, snow removal, a community center, and a gym. Ideally located just minutes from the VRE, I-95, Potomac Mills, Wegmans and the shops and dining at Stonebridge Town Center, this home makes commuting to Northern VA, Washington, DC, Fort Belvoir, and MCB Quantico—as well as handling everyday errands—a breeze. Don’t miss this beautifully updated, move-in ready 4-bedroom home in an ideal Woodbridge location!
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.
