Join the new community on the banks of the Potomac where coming home feels like arriving at your favorite vacation resort. Welcome to Potomac Shores! Fitness clubs, social clubs, the community garden, pools, wooded hiking trails, the Jack Nicklaus Signature Golf Course and the Tidewater Grill are just a few of the amenities available here. Appointments are now available to view a fantastic luxury townhome with rooftop terrace in this growing neighborhood. Built in 2021, this property has sophistication and style throughout. Inspired by efficient European lifestyle, the clever built-in storage and energy saving additions are sure to please. Step inside the front door, you’ll see the entry level bedroom and ensuite full bath combo which could also be used as a home office. Upstairs, tasteful touches surround you in the gourmet kitchen with sleek quartz counters and center island with seating. You’ll enjoy gas cooking, a handy pantry and stainless-steel appliances while chatting with friends and family in the adjoining dining area. Open the glass doors and step out to your first outdoor living space, the composite bonus-sized deck with plenty of room for furniture. Beyond the kitchen is the open living room with gas fireplace, upgraded mantle and custom built-in shelving with storage room. You are going to love the Art Deco style powder room half bath! You’ll see it on your way up to the next level where you will find 3 more bedrooms and 2 more full baths plus the laundry room. The primary bedroom suite has built-in organizational closets and an ensuite bathroom. You will love the property’s instant hot water system when you use the large walk-in shower! Luxury quartz countertops with dual sinks and a walk-in closet finish the bed and bathroom suite. Hop up to see the bonus family room loft area with your second outdoor living space – the fabulous rooftop terrace - complete with water and electricity, it is perfectly set up to enjoy gardening or growing your favorite tropical flowers. Enjoy nature, bird watching and the Potomac beyond. Currently furnished with a pergola, lounge chairs and bamboo tiles, it’s the perfect oasis to enjoy peaceful views and quiet time to relax. Whether you love tons of options for social activities and sports or quiet nights at home, this luxury townhome on Kingfisher Isle Road in Potomac Shores will check all your boxes. HOA fees are only $200 per month and include high-speed internet, trash service and access to the community amenities! Award winning schools, shopping, entertainment and commuter options are all nearby.
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.
