Welcome to the “Par-Tee House” in the award-winning Potomac Shores community. This beautifully maintained NV Homes Cape Charles model offers 5 bedrooms| 5 full bathrooms |3 finished levels | 2-car garage | MAIN LEVEL Bedroom | VA ASSUMABLE LOAN with 5,400 square feet, perfectly positioned on a premium END LOT along the 9th TEE of the Jack Nicklaus Signature GOLF COURSE. Designed for both everyday living and entertaining, the home features a bright open floor plan, abundant natural light, and tree-lined views with glimpses of the golf course from 3 levels. The desirable 4 foot extension bump-out expands the living spaces, enhancing both comfort and functionality. This home shows and feels like a model home. The main level includes a bedroom with a full bath, ideal for guests or multigenerational living, along with a mudroom for everyday convenience. At the heart of the home is a GOURMET KITCHEN with a custom pantry, designed for both cooking and gathering, opening to spacious family and dining areas perfect for entertaining. The finished WALK-OUT lower level is an entertainer’s retreat, featuring a custom hand-built BAR and fireplace, creating the perfect space for gatherings, game nights, or relaxing after a day on the course. Upstairs, the expansive primary suite provides a peaceful retreat with a large walk-in closet that feels like a second room, offering tons of storage and space. Outdoor living is equally inviting with a welcoming front porch perfect for greeting neighbors, an expansive patio, and a FIRE PIT area ideal for evening gatherings while enjoying the peaceful golf course setting. The property also features an in-ground sprinkler system to maintain the beautifully landscaped yard. Located in the sought-after Potomac Shores master-planned community, residents enjoy resort-style amenities including the Jack Nicklaus Signature Golf Course, clubhouse, pools, fitness center, scenic walking trails, social events, and the future VRE commuter station and town center. BONUS OPPORTUNITY: Qualified buyers may have the ability to ASSUME the seller’s existing VA loan, potentially providing a valuable financing advantage. Experience golf course living in a vibrant community where neighbors gather, friendships grow, and every day feels like a celebration at the home affectionately known as the “Par-Tee House.
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.
