***SELLERS ARE OFFERING CLOSING COSTS ASSISTANCE AND QUALIFIED BUYERS WILL RECEIVE A FREE 1% LENDER CREDIT WITH USE OF EMBRACE HOME LOANS!*** Welcome to 18020 Cedar Grove Lane — a beautifully appointed Beckner model located in the highly sought-after Potomac Shores community, where elevated living meets everyday comfort. Offering over 4,600 square feet, this residence combines spacious interiors, refined finishes, and the lifestyle today’s buyers are looking for. Featuring 4 bedrooms, 4 bathrooms, a 2-car garage, and a screened-in deck with retractable privacy shades, this home makes an impression from the moment you arrive! Step inside and you’re immediately greeted by light-filled spaces, luxury vinyl flooring throughout the main level, and elegant chair rail molding that adds a sophisticated touch throughout. The layout flows effortlessly, beginning with a versatile front living space ideal for a formal living room or dining room before opening into the true heart of the home. The rear living space seamlessly connects the grand room, dining room, and gourmet kitchen to create an open yet inviting atmosphere. The kitchen is both functional and beautifully designed, featuring granite countertops, an oversized island, gas cooktop with a statement hood, built-in wall oven and microwave, and abundant cabinetry that perfectly balances style and storage. Just beyond, the enclosed deck offers the perfect private escape for slow mornings, evening gatherings, or simply enjoying the comfort of home year-round. The main level also features a powder room, a bonus room ideal for a home office or play room, and a customized mudroom conveniently located off the garage entry. Upstairs, the spacious loft offers the perfect flex space for lounging, a reading nook, or a secondary living area. The primary suite feels like a true retreat, complete with a vestibule entry, dual walk-in closets, and a spa-inspired ensuite bath featuring separate vanities and a large walk-in shower. Three additional bedrooms, a full hallway bath, and an upper-level laundry room complete the upper level. The finished basement adds another layer of versatility to the home, beginning with a generously sized recreation area perfect for entertaining, relaxing, or everyday living. This level also features a full bathroom, custom barn doors that open to a secondary recreation space ideal for a media room, lounge area, or home gym, as well as an unfinished bonus room offering additional storage or future customization potential. Notable features of the home include a radon mitigation system, exterior sprinkler system, and the added peace of mind of a one-year home warranty included with the purchase! Beyond the home itself, Potomac Shores offers a lifestyle that is truly unmatched - residents enjoy access to resort-style pools, the Social Barn, Fitness Barn, Jack Nicklaus Signature Golf Course, Tidewater Grill restaurant, scenic walking/biking trails, basketball court, playgrounds, and peaceful views along the Potomac River. The HOA also includes high-speed internet and trash service, while easy access to I-95, Quantico, and the future VRE station adds to the convenience of everyday commuting and travel. Don’t miss the opportunity to purchase in one of the area’s most sought-after and steadily growing communities!! Schedule your 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.
