Great price reduction on this beautiful Countryside home in Sterling VA with over 3,000 finished square feet set on just under a quarter acre of land. An inviting 4-bedroom, 3.5-bath home welcomes you with timeless curb appeal, mature landscaping, and a spacious two-car garage. Inside, hardwood flooring flows throughout the main level, where natural light and comfortable living spaces create an immediate sense of home. The eat-in kitchen is designed for both everyday living and entertaining, featuring granite countertops, matching black and stainless appliances, and and hardwood flooring create an open flow into the breakfast area. Open to family room with the full wall brick, gas fireplace with decorative mantle. Step outside to the private rear deck—reinforced and wired for a future hot tub—perfect for relaxing weekends, game days, or summer entertaining. Enjoy holiday meals in the large dining room and open living room spaces. Convenient separate laundry room on the main level. Upstairs, the large owner’s suite offers a walk-in closet and an updated private bath with separate shower, while three additional bedrooms share a hall bath with double sink vanity and tile finishes. The fully finished walk-up lower level adds incredible flexibility with a full bath, generous storage, and the Owens Corning Basement Finishing System, perfect for a gym, media room, guest suite, office, or playroom plus a separate room with tons of storage This home has been lovingly maintained with numerous important updates already completed, including HVAC, garage doors, radon mitigation system, appliances, water heater, and updated windows throughout—giving buyers peace of mind for years to come. Living in Countryside offers an unmatched community lifestyle with pools, tennis courts, basketball courts, walking trails, playgrounds, and community amenities all nearby. Even better, the home is conveniently located close to all schools and community amenities on the same side of the street, making daily life easy and connected. Nearby shopping, dining and major commuter routes offering a prime location.
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.
