Welcome to 16011 Prestwick Court, a beautifully maintained 4-bedroom, 3-bathroom home offering 2,282 square feet of comfortable living space in the highly sought-after Montclair community. Nestled on a quiet cul-de-sac and directly across from the 1st hole of Montclair Country Club, this home showcases pride of ownership throughout and offers the perfect blend of scenic surroundings, thoughtful updates, and everyday convenience. Lovingly cared for and meticulously maintained, this move-in-ready home features fresh paint throughout and numerous recent improvements, giving buyers peace of mind for years to come. Major updates include a stunning custom deck, a $40,000 investment that creates an exceptional outdoor living space perfect for entertaining, relaxing, or enjoying views of the golf course. Additional improvements include a new roof, HVAC, gutters, and attic insulation completed in 2024, reflecting the owners' commitment to maintaining and enhancing the home. Inside, you'll find a functional and inviting floor plan with generous living spaces designed for both everyday living and entertaining. The attached one-car garage provides additional convenience, storage, and protection from the elements. Living in Montclair means enjoying one of Prince William County's most desirable communities, complete with a private 108-acre lake, three sandy beaches, boating, fishing, swimming pools, tennis and basketball courts, playgrounds, walking trails, parks, and year-round community events. Golf enthusiasts will appreciate the home's prime location directly across from the first hole of Montclair Country Club. Conveniently located just minutes from Route 234 and Interstate 95, this home offers easy access to Quantico, Fort Belvoir, the Pentagon, Washington, D.C., commuter lots, VRE stations, shopping, dining, and everyday conveniences. Offering an unbeatable combination of location, updates, community amenities, and meticulous care, 16011 Prestwick Court is a rare opportunity to own a truly special home in one of Northern Virginia's premier lake and golf course communities.
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.
