**VA ASSUMABLE LOW RATE LOAN" Welcome to this beautifully maintained four-level brick end-unit townhome by Pulte Homes in the sought-after Potomac Shores community in Dumfries, Virginia. Offering a blend of modern design and standout features, this home feels like new and is truly move-in ready. Upon entry from the front door or garage, you are welcomed by a spacious ground-level bedroom with access to a full bath, ideal for guests, a private office, or multi-generational living.The main level is designed for everyday comfort and entertaining, featuring nine-foot ceilings, fresh paint, and new luxury vinyl plank flooring. The open-concept layout includes a bright and expansive family room with access to a private composite balcony. The chef’s kitchen is the centerpiece, complete with white shaker cabinets, a five-burner gas range, custom backsplash, hood vent, built-in wall oven and microwave, under-cabinet lighting, stainless steel appliances, and a brand new refrigerator. A large island with seating for five and a custom pantry system provide both style and function. The adjoining dining and living areas create a natural gathering space.Upstairs, the primary suite offers a true retreat with a custom spa-inspired wet room featuring floor-to-ceiling tile, a freestanding soaking tub, dual shower heads, and frameless glass enclosure. A spacious walk-in closet with custom organization completes the suite. Two additional bedrooms, a full hall bath, and a conveniently located laundry room with built-in storage are also on this level. The top-level loft adds incredible flexibility with a wet bar, sink, and beverage refrigerator, and opens to a rooftop terrace designed for entertaining. With a natural gas hookup, hose bib, and built-in movie screen, this space is perfect for relaxing or hosting unforgettable evenings under the stars! Need a snack & beverage , no problem, pop right into the loft and grab yourself whatever you need! It's the kind of space that turns a house into a destination! This home is just across from the 13,000 square foot Shores Club. That's were residents meet at the Social Barn, The Fitness Barn, the pools, the Event Yard or in the community gardens. Potomac Shores is just south of Woodbridge, Virginia, and is one of Northern Virginia and Prince William County's most sought-after planned communities. Potomac Shores is home to the only public Jack Nicklaus Golf course in NOVA, home to the Ali Krieger Sports Complex, and there are ten miles of nature trails, a canoe launch, and a dock round out a lifestyle that feels like a permanent vacation. The VRE station Head House and garage are complete and the (platform approval is pending) When built this will provide a direct commuter rail connection to Alexandria and Washington, D.C. The community itself is located about 8 miles from Marine Base Quantico VA and about 20 miles south of Fort Belvior, has easy access to I-95, and Route 1, The community also have it's own Elementary School ( 2nd one under construction), Potomac Shores Middle School and John Paul The Great a private school. Check out the competition, however if you tour this home, you will buy it!
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.
