Open House Sunday March 29th 1pm - 3pm**Elevated Lansdowne Living. Backing to mature trees in one of Northern Virginia’s most celebrated communities, this light-filled home offers nearly 6,000 square feet of refined space complete with over $200,000 in owner updates, a newly remodeled kitchen, main-level primary suite, and effortless outdoor living just a short stroll from the neighborhood park. Tree-lined streets welcome you home to this picturesque residence with a two-car garage and charming covered porch. Inside, classic architectural elegance meets a floor plan designed for modern living. A dramatic two-story foyer opens to sweeping stairs, a private home office, and formal living and dining rooms highlighted by elegant moldings and built-ins. Hardwood floors extend throughout the main level, and the whole home features updated paint inside and out. The heart of the home is a grand, double-height family room with a fireplace and a wall of windows inviting natural sunlight and tranquil tree views. This space flows seamlessly into the newly remodeled chef's kitchen, featuring immaculate quartz countertops paired with all-white cabinetry and a suite of stainless appliances. A bay-windowed eat-in area is perfect for casual meals, and the transition outside for grilling and outdoor gatherings is effortless. This level also includes a convenient powder bath and a laundry room with direct access to the garage. The main-level primary suite is spacious and private, with generously sized windows, an airy tray ceiling, and custom organizers in two walk-in closets. The en suite bath features a spa tub, floor-to-ceiling glass shower, and dual vanities. Upstairs, a versatile loft space leads to three more bedrooms, all with private bathroom access. A large second primary suite includes its own bath and walk-in closet, while two additional bedrooms share a Jack-and-Jill bath. The lower level dramatically expands your living and entertaining space. The expansive walk-up rec room hosts a brand new kitchenette and bar with quartz finishes, with French doors welcoming natural light into the space along with recessed ceiling lights. You’ll also find an exercise room, a soundproof and fireproof home theater room, a large flex/hobby room, and a bedroom with walk-in closet and a full bathroom creating a private guest or in-law suite. All lower-level buildout is fully permitted and up to code. Outside, enjoy peaceful living on the deck and hardscape patio, all backing to grassy lawn and the privacy of trees. Additional updates include a new roof in 2022 with upgraded materials for longer durability, new and resurfaced hardwood flooring throughout, quartz countertops and updated fixtures in bathrooms throughout the home, plush new carpeting in the primary bedroom, interior and exterior paint, smart thermostats for year-round energy savings, updated LED lighting, and garage storage shelves. The coveted community of Lansdowne on the Potomac offers excellent amenities including indoor and outdoor pools, a fitness center, playgrounds, sport courts, aerobics rooms, a business center, ballroom, and meeting rooms. Enjoy easy access to Route 7, shopping and dining at Lansdowne Town Center, the Golf Club at Lansdowne, Lansdowne Resort and Spa, One Loudoun, hiking trails, and Bazil Newman Riverfront Park nearby. A rare combination of space, quality, and location that is truly hard to find.
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.
