*Open Houses: 1-4 PM Sunday, May 24.* Seller does have an opportunity for a potential VA assumable 2.75% loan. Nestled within the sought-after Stonewall Manor Dr community, 18475 Kerill Road presents an exceptional blend of space, elegance, and convenience in the heart of Triangle. Built in 2011, this impressive brick-front colonial offers 6,749 square feet of beautifully finished living space on a generous half-acre homesite, showcasing tasteful updates and meticulous maintenance throughout. Designed with both everyday comfort and upscale entertaining in mind, the home features expansive living areas, refined architectural details, and a thoughtfully designed floorplan that balances openness with functionality. The updated interior reflects pride of ownership at every turn, with modern finishes, spacious bedrooms, and versatile gathering spaces ideal for multigenerational living, work-from-home flexibility, or hosting on a grand scale. Located just minutes from major commuter routes, the property offers exceptional accessibility for Northern Virginia and Washington, D.C. commuters alike. Nearby access to I-95, Route 1, commuter lots, and VRE stations including Quantico, Rippon, and Woodbridge make daily travel remarkably convenient. Residents also benefit from nearby commuter parking options such as Dumfries Park and Ride and Sameride pick-up at Route 234 Commuter Lot. Stonewall Manor is known for its established feel, larger homesites, and community-oriented atmosphere. The neighborhood offers amenities and conveniences that enhance everyday living, including walking trails, recreational spaces, tot lots, and easy access to outdoor destinations. Nearby attractions include Locust Shade Park with its golf course, athletic facilities, and nature trails, as well as the expansive Prince William Forest Park, offering hiking, camping, and scenic outdoor recreation just minutes away. Additional nearby conveniences include local shopping, dining, Quantico Marine Base, and historic Dumfries. Combining luxury scale, commuter convenience, and a well-established community setting, 18475 Kerill Road represents a rare opportunity to own a beautifully maintained home in one of Triangle’s most desirable neighborhoods.
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.
