You earned it! Now, own it! ** Open House has been moved to Sunday, 6/28/26 ** Here's the opportunity you've been waiting for. Welcome to 2426 Potterfield Road, a beautifully refreshed and move-in ready townhome nestled within one of the area's most charming and dog friendly communities. This exclusive enclave of approximately 100 townhomes offers a welcoming neighborhood feel that is increasingly difficult to find else where in the county. This home has been renovated for its next chapter, including a stunning, never-used, fully renovated upper-level full bathroom featuring luxurious modern finishes. Additional recent improvements include a rebuilt and freshly painted rear deck, brand-new carpet in the lower level, and professional cleaning throughout the home just to name a few. Don't forget to notice the spacious kitchen with a 4 piece kitchen appliance set and hardwood flooring throughout the dining and living room. Natural light fills every level of this 4 story interior townhouse. The fourth-floor loft offers exceptional flexibility and could serve as a bright home office, creative studio, playroom, reading retreat, or guest space. The lower-level walkout basement provides additional living space and could easily function as a third bedroom, recreation room, home gym, or private guest suite with direct walk out level access to the backyard. Then take advantage of the paver brick patio and the view of fresh green grass. Whether you're enjoying your morning coffee on the newly rebuilt deck or relaxing in one of the sun-filled living spaces, you'll appreciate the care and attention that has gone into making this home truly move-in ready. For buyers tired of rising rents, this is an opportunity to own an affordable home while building equity instead of paying a landlord. Homes , like this one, that combine value, condition, location, and versatility are becoming increasingly difficult to find. This is a home that deserves to be experienced in person. Schedule your private showing today and come see for yourself, everything 2426 Potterfield Road has to offer. But if you can't come see it in person for any reason, make sure you check out the 3D tour link! Or make an appointment today.
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.
