***2.25% ASSUMABLE LOAN AVAILABLE*** Back on the market due to buyer financing falling through. Welcome to this beautifully refreshed home in Dumfries offering the perfect blend of comfort, style, and modern upgrades! A rare find, this home is exceptionally well-suited for MULTI-GENERATIONAL LIVING with TWO HVAC SYSTEMS, TWO WATER HEATERS, AND TWO FULL LAUNDRY AREAS COMPLETE WITH WASHERS AND DRYERS INCLUDED, providing outstanding flexibility, comfort, and convenience for larger households, extended family, or long-term guests. Fresh full interior paint gives the home a bright, clean, move-in ready feel, while the professionally resurfaced and stained hardwood floors add warmth and timeless character throughout the living spaces. Step outside to enjoy a backyard designed for entertaining and relaxation, featuring a brand-new privacy fence (installed after photos were taken) that enhances both privacy and functionality. The backyard is also hot tub ready with a dedicated electrical hookup already installed, making it easy to create your own private outdoor retreat. Adding even more value, the home features FULLY PAID-OFF TESLA SOLAR PANELS AND A BRAND-NEW ROOF, helping provide substantial long-term energy savings without the burden of a solar loan or lease. The system generated approximately 14.6 MWh in 2025 and maintained strong production throughout 2024, covering roughly 75% of the sellers' energy usage despite powering two electric vehicles and supporting heavy work-from-home electrical demands. For EV owners, a dedicated charging station is already installed for added convenience. Conveniently located near major commuter routes, shopping, dining, and everyday essentials, this thoughtfully updated and energy-efficient home offers a unique combination of flexibility, savings, and modern comfort that is truly move-in ready. Don't miss your opportunity to own a home that checks all the boxes! ***Lender is PenFed & current loan balance is $380,000.***
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.
