All moved out and ready to meet its new owners! Nicely TLC and touched up! This beautifully 1 bedroom and a generous sized Loft can be used as a second bedroom, making it ideal for guests, a home office, or additional sleeping space. This condo has truly transformed its current owner, and now it’s ready to do the same for you. Offering the elevated feel of a penthouse at a fraction of the price, this home is a peaceful sanctuary filled with charm, comfort, and style. Step into a bright and open living space flooded with natural light and scenic view. The thoughtfully designed floor plan seamlessly connects the calming living room with cozy fireplace, stylish dining area, and modern kitchen, perfect for both relaxing and entertaining. The kitchen features sleek stainless steel appliances, granite counter top, generous cabinet space, and a convenient in-unit washer and dryer and breakfast bar for easy meals and hosting. The spacious main level primary suite includes one of the best closets you'll ever own, ideal for anyone seeking single level living with luxury and function. Enjoy quiet mornings or peaceful evenings on your private balcony or porch, surrounded by the tranquility of the Lake Shore Crest community. Located in one of Reston's most desirable neighborhoods, this condo is just minutes from the Reston Town Center Metro, the Silver Line Metro, top-rated dining, shopping, and entertainment. Take advantage of today’s rare opportunity—this home comes with an assumable VA loan at an incredibly low 2.25% interest rate (for qualified buyers). Don't miss your chance to own this special home at Lake Shore Crest Drive. With its great features, serene setting, and unbeatable location, this is more than a condo—it's your new home .
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.
