Open houses 3/28 and 3/29 Welcome to this stately brick executive home in the desirable Edwards Ferry neighborhood, backing directly to the serene woodlands of Battlefield National Park. Beautifully landscaped, a two-car garage, and an inviting covered entry, this home offers refined style and exceptional comfort. Inside, the foyer opens gracefully into formal entertaining spaces, combining timeless elements of crown molding, wainscoting, and gleaming hardwood floors in a modern, open layout that’s perfect for entertaining and everyday living. The heart of the home is the open-concept kitchen and family room, highlighted by abundant windows and exterior doors that invite natural light and effortless flow to outdoor living spaces. The updated gourmet kitchen is a chef’s delight, featuring granite countertops, stainless steel GE Profile appliances, ample cabinetry, and a spacious eat-in breakfast area. Enjoy outdoor relaxation and entertainment on the deck and patio overlooking your lush, landscaped yard, complete with a 10-zone irrigation system, invisible fence (2021), and backing to trees that lead into wooded trails of Edwards Landing Park. The main level also conveniently includes a large mudroom leading to the garage, plus an adjacent laundry room with exterior access and new GE Smart frontloading washer and dryer (2024). Upstairs, new hardwood floors complement four generously sized bedrooms. The primary suite features a bright bay window and two walk-in closets, including one extra-large closet with a window, and an updated primary bath with a soaking tub, separate shower, and new vanity. Three additional bedrooms share a well-appointed full bath with double sinks, offering flexible accommodations for family, guests, or a home office. The lower level offers a spacious recreation area, a versatile bonus room ideal as guest or office space, an updated half bath, abundant storage, and convenient walk-up access to the backyard. This meticulously maintained home includes significant recent upgrades: a new roof (2019), water heater (2018), dual HVAC units and furnace (2017), new patio and exterior doors (2022), enhanced OrkinTherm attic insulation (2024), and updated bathroom cabinetry (2024/2025). Smart features include EVE light switches (2023), ADT security, and Ring surveillance systems, ensuring comfort and efficiency for years to come. Perfectly positioned, this Brookfield home delivers an exceptional lifestyle with style, convenience, and direct access to natural beauty right outside your door. Please call alternate agent with questions!
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.
