VA Assumable Rate of 5.25% for qualified VA Buyers! Loan balance of $490,073. Keep More Cash in Your Pocket! To celebrate your new home on Dunnington Lane, the seller is offering 12 months of PREPAID HOA & Condo fees. Lower monthly expenses from day one! Why wait for construction when you can move right into absolute perfection?This stunning, freshly painted dual-level residence offers a rare opportunity to bypass the building process and secure an exquisitely upgraded, turnkey home designed for both comfortable living and effortless entertaining. The main level features beautiful Luxury Vinyl Plank (LVP) flooring, custom energy-efficient insulating blinds with ambient drapery, and a seamless, light-filled layout. At the heart of the home is a smart gourmet kitchen featuring a large island, quartz countertops, under-cabinet lighting, pantry, and stainless steel appliance package. Elevating the space are the smart double ovens, which can be connected to Google Home, allowing you to preheat and control them remotely. Perfect for hosting, the adjacent dining area boasts a trendy built-in buffet complete with modern slat paneling, storage, a dedicated wine rack, and a beverage refrigerator. The living room is elevated by custom built-in, wall to wall library with integrated shelving and accent lighting, The West Elm insulated drapery takes this space up yet another level. Sliding glass doors open out to a covered outdoor patio—complete with a cozy gas fireplace for year-round relaxation. Upstairs, gorgeous engineered hardwood flooring guides you through the private quarters and a conveniently located laundry area right next to the bedrooms. The home features integrated smart thermostats allowing you to easily control the temperature from anywhere in the home for ultimate comfort. The primary retreat is a true sanctuary, featuring an elegant tray ceiling, a chic fandolier, two walk-in closets, and large windows that flood the room with natural light. Its spa-like en-suite bath offers split double vanities and a luxurious Roman shower equipped with dual separate shower heads. Two additional bedrooms share a beautifully appointed secondary bathroom featuring a double vanity and a luxury towel-warming rack. Throughout the home, custom paint and tasteful, subtle shimmer accent walls add a touch of designer elegance. The tech-forward upgrades continue into the one-car garage, which features a smart EV charging station that is also fully integrated with the Google Home system. A fire suppressant system is installed for additional peace of mind and insurance savings. This property delivers the perfect blend of high-end style, smart-home convenience, and low-maintenance luxury. Every day brings a new opportunity for enjoyment and relaxation with incredible community amenities. Stay active with running and hiking trails, a pickleball court, and a premier fitness facility fully stacked with weights, cardio equipment, machines, and fitness classes. You can also enjoy refreshing dips in any of the three community swimming pools. For leisure and effortless dining, the neighborhood country club, the premier Jack Nicklaus Signature Golf Course, and the popular Tidewater Grill are all located just steps away right across the street. Additionally, the future VRE train station is in the community and just minutes from your front door, while a public commuter lot is a short 4 miles away. These features significantly simplify commuting, making this an ideal location for convenience and leisure. ***HOA/Condo Fees include Verizon 1GB FIOS high-speed internet, trash, water, and snow removal.*** Get your tour scheduled today!
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.
