Move-In Ready 5BR, 3.5BA Brick-Front Colonial on a private cul-de-sac lot backing to the golf course in amenity-filled Aquia Harbour! This beautifully maintained three-level home offers the rare convenience of all five bedrooms on the upper level, including a spacious primary suite and a private secondary suite with its own full bath. Inside, a welcoming foyer leads to formal living and dining rooms with hardwood flooring, elegant trim details and updated lighting, while French doors open to a private home office. The heart of the home is the bright kitchen featuring white cabinetry, stainless steel appliances, ceramic tile backsplash, pantry cabinet, garden window and distinctive tray ceiling, all overlooking the breakfast area and dramatic two-story family room with vaulted ceilings, dual skylights, wood stove and access to the freshly sealed rear deck. The updated powder room and main-level laundry add everyday convenience. Upstairs, the primary suite includes a walk-in closet and renovated bath with granite vanity and jetted tub/shower. Bedroom 2 connects to the primary suite through French doors, making it ideal for a nursery, office, fitness room or sitting area. Bedroom 5 serves as an excellent guest or multigenerational suite with its own updated private bath, while two additional generously sized bedrooms complete the level. The finished walkout basement offers a large recreation room with pellet stove, recessed lighting, pre-wired wall speakers and backyard access, plus abundant unfinished storage area with expansion potential. Outside, enjoy a freshly sealed deck, paver patio, fire pit, fenced yard area and mature trees creating exceptional privacy along the golf course. The 0.88 acre lot extends well outside the fenced in area. Additional updates include a heat pump (2020), water heater (2021), some replacement windows, roof with architectural shingles, two-car garage, driveway with turnaround or parking pad and low-maintenance landscaping. The Abundant Aquia Harbour Amenities include 24 Hour Manned Front Gate + Residents Only Rear Gate; Two Pools; State Certified Police Force; Fire Dept; Marina w/Boat Ramp & Fishing Pier; Kayak/Canoe Launches; Golf Course w/Pro Shop, Putting Green, Driving Range & the World Famous Clubhouse @ Aquia Harbour Restaurant; Dog Park; Horse Stables, Riding Areas/Trails & Pens; Secure Storage Lot; Community Garden; PreSchool; Fishing Park; 8 Other Parks w/Tot Lots, Tennis & Basketball; Nature Park Like Surroundings with Tons of Wildlife including Deer, Fox & Bald Eagles Above! Don't Forget About the Community Events, including the Independence Day Celebration w/Parade and Fireworks, Oktoberfest, Outdoor Movies, and More!***Any Offer Submissions Need to be Received by Sunday Night 6/28 for Review and Response on Monday 6/29***
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.
