Welcome to River Oaks, where abundant natural light, thoughtful design, and an unbeatable location create a place you'll love coming home to. This beautifully maintained three level townhome offers the perfect blend of comfort, convenience, and low maintenance living. Featuring 3 bedrooms, 2 full bathrooms, 1 half bathroom, and an attached two car garage, this home is thoughtfully designed for today's busy lifestyle. From the moment you step inside, you'll notice how sunlight fills the living spaces throughout the day, creating a bright, warm, and inviting atmosphere. The open main level is ideal for both everyday living and entertaining, featuring a spacious kitchen with a large center island, abundant cabinet space, recessed lighting, a gas range, and an easy flow into the dining area. Upstairs, the spacious primary suite offers a relaxing retreat with vaulted ceilings, a walk in closet, dual vanities, and a private en suite bath. Two additional bedrooms provide flexibility for family, guests, or a dedicated home office. The entry level offers additional living space that can easily serve as a recreation room, fitness area, playroom, or office. One of this home's standout features is the attached two car garage with dedicated driveway parking, a combination that is increasingly hard to find in this area. With minimal exterior maintenance, you'll spend less time caring for a yard and more time enjoying the neighborhood's exceptional amenities. Just a short walk away, you'll find the community pool, playgrounds, and open green spaces, making it easy to enjoy the outdoors without the upkeep of a large yard. Nearby walking and hiking trails provide even more opportunities to explore and stay active. Perfectly positioned for commuters, this home offers quick access to I 95, Route 1, commuter lots, and the VRE. Shopping, dining, and entertainment are just minutes away at Stonebridge at Potomac Town Center and Potomac Mills, placing everything you need within easy reach. Whether you're purchasing your first home, looking for room to grow, or seeking a home that offers comfort, convenience, and a low maintenance lifestyle, this River Oaks gem is ready to welcome its next owner.
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.
