AWESOME townhome getting ready for its new owners! Many upgrades including brand new deck and fence 2026, new roof and gutters 2024, windows and HVAC 2015, master shower upgrade 2026, water heater 2023, LVT in lower level 2021, new dishwasher 2024, new fridge 2026 and plus fresh paint and carpet 2026 - Owners have loved the main level open concept living, third full bath great for guests, tons of storage, large master bath, oversized kitchen and breakfast nook, lots of privacy with evergreens providing year round coverage, and very close to amenities including expanded Dulles marketplace, farmers market within walking distance, closeby parks, ppls , playgrounds and library. Cascades Community Amenities include: Resort-Style Pools, Scenic Walking Trails, Tennis & Basketball Courts, Playgrounds & Fitness Center, Clubhouse & more! Algonkian Regional Park is 3 Miles away and highlighted by Scenic Walking & Hiking Trails – Enjoy peaceful trails with beautiful river views. Water Activities – Kayaking, canoeing, and fishing on the Potomac River. 18-Hole Golf Course – A picturesque course with tree-lined fairways and a clubhouse. Vacation Cottages – Cozy riverside rentals perfect for a weekend getaway. Volleyball & Picnic Areas – Great for group outings and family gatherings. Boat Launch – Easy access for boating and jet skiing**Volcano Island Waterpark – A fun waterpark with slides, a lazy river, and a splash zone. Easy access to major commuter routes and shopping...Quick access to Routes 7 & 28, 8.5 miles to Dulles Airport, 8.1 miles to Reston Town Center Metro, 13-miles to Tysons Corner Mall Pix will be ready 5/6 PM or 5/7 AM!
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.
