Welcome to 2416 Glouster Pointe Drive in Potomac Shores in Dumfries Virginia, this is a beautifully designed Monroe floor-plan. It is a single-family home offering more than 4,400 finished square feet, three outdoor living spaces, and a finished walkout basement in one of Prince William County’s premier resort-style communities. If you have been searching for a spacious home with with defined rooms, a chef’s kitchen, a traditional floor plan, generous bedroom sizes, and flexible living space for entertaining, this home checks every box. The heart of the home is the impressive cook’s kitchen, thoughtfully designed for everyday living and gatherings alike. There is a massive center island that provides seating and workspaces, surrounded by extensive cabinetry and storage. The kitchen opens directly to the great room, keeping everyone connected whether hosting guests or enjoying a quiet evening at home.The main level features wood floors a welcoming central foyer that includes a large coat closet, powder room, and a striking craftsman staircase that creates an elegant first impression.Upstairs, the primary suite offers a relaxing retreat with abundant natural light, dual vanities, and a soaking tub,shower and dual walk-in closets! Three additional spacious bedrooms complete the upper level, including two connected by a convenient buddy bath. An upper-level laundry room adds everyday convenience right where you need it most.The fully finished walkout lower level expands your living space with a large recreation room, separate media room with surround sound, a full bathroom, and a bar area ready for entertaining. French doors and full daylight windows. Outdoor living truly sets this home apart. Enjoy morning coffee on the welcoming front porch, entertain on the rear deck off the kitchen, or relax around the firepit patio accessed from the walkout basement. These three distinct outdoor spaces make the home perfect for year-round enjoyment.Located in the award-winning Potomac Shores community, residents enjoy access to the public Jack Nicklaus Signature Golf Course, The 13,000 sq ft Shores Club featuring the community pools, fitness center, event yard and gathering spaces. There are miles and miles of scenic walking trails, community gardens, and over 800 acres of preserved green space. Best of all Potomac Shores is a convenient commuter location. It is approximately 18 miles to Fort Belvoir, approximately 8 to 10 miles to Marine Corps Base Quantico, and just minutes to I-95 via Exit 152 to go North and South and access to Express Lanes and Route 1 as well. Don't let this home slip through your fingers. It is really nice!
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.
