Open House Saturday December 6th 12pm - 3pm and Sunday December 7th 1-3pm**Featuring a prime location in the coveted community of Lansdowne on the Potomac situated on a fantastic flat-usable lot, large enough to play sports games or build your own pool. This single-family home combines classic elegance with a generous floor plan designed for modern living with 3 bathrooms on the upper level. Set on nearly a quarter acre backing to landscaped common grounds, enjoy outdoor living along with easy access to award-winning community amenities. Tree-lined streets welcome you home to a stately brick facade and 2-car garage wired for EV charging. Inside, the double-height foyer introduces light and airy proportions that continue throughout the interior. Formal living and dining rooms each feature beautiful bay windows, hardwood floors and moldings, creating versatile spaces for entertaining and everyday relaxation. The upgraded chef's kitchen is designed around a central island with seating, featuring quality wood cabinets and granite countertops plus a spacious walk-in pantry. The open layout flows into a sun-filled family room with walls of windows and a fireplace. Exterior doors open to your large rear deck for grilling and outdoor dining, overlooking an expansive lawn that backs to trees. Upstairs, the spacious primary suite includes an en-suite bath with double vanity, luxe corner tub, and separate shower. A spacious junior suite has its own en-suite bath, and two additional bedrooms each feature excellent natural light and spacious closets with another full bath featuring double sinks. The lower level includes a fourth full bathroom and bonus room with a walk-in closet, perfect as a flex 5th bedroom or office. The huge walk-up recreation room features recessed lighting and tons of additional living space, plus a large storage room and a recently installed radon remediation system. The main level also includes a dedicated laundry room and extra storage racks in the garage. This outstanding location within Lansdowne provides easy access to the nearby Spark Park, indoor and outdoor pools, fitness center, amphitheater, playgrounds, tennis, pickleball and volleyball courts, tot lots, recreation center, business center, game room, and miles of trails connecting to the Potomac Heritage Scenic Trail network. You're also close to Route 7, Lansdowne Town Center shops and restaurants, the Golf Club at Lansdowne, Lansdowne Resort & Spa, and Elizabeth Mills Riverfront Park. Offering comfort, convenience, and community, this home unlocks a sought-after lifestyle.
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.
