Have you been searching for a home where the upgrades have already been done for you, allowing you to simply move in and enjoy? With over $80,000 invested in thoughtful improvements, this home offers both comfort and peace of mind from day one. Ideally located in the sought after Potomac Shores community, this home offers a setting where everyday living feels elevated. Enjoy access to walking trails, community spaces, and a lifestyle centered around both relaxation and activity, all while maintaining convenient access to I95, Route 1, Quantico, and nearby VRE options for an easy commute. Just minutes away, you’ll find shopping, dining, and everyday essentials, along with continued growth and development that enhances both value and long term appeal. Inside, the home has been thoughtfully improved to support both everyday living and entertaining. The layout flows naturally, creating a sense of openness while offering flexibility for today’s lifestyles, whether working from home or hosting guests. Recent updates reflect a focus on both functionality and design, including a custom deck and patio that extend your living space outdoors, a fully fenced backyard, and upgraded garage features such as finished walls, overhead storage, and epoxy flooring. Additional improvements like motorized blinds, whole house water filtration, fresh paint throughout, and updated fixtures create a move in ready experience. The lower level offers even more potential, already equipped with a bar rough-in and full bath rough-in, giving you the opportunity to create the perfect entertainment space, guest suite, or additional living area tailored to your needs. The exterior has been equally enhanced with front yard hardscaping and planters, while practical upgrades like a dedicated generator circuit, gutter guards, and a new sump pump add peace of mind. For those who value a home that has been intentionally upgraded while offering both immediate enjoyment and future potential, this is an opportunity to experience both lifestyle and location at a high level. Schedule Your Private Tour 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.
