Welcome! Gorgeous Wellington model home featuring over $200,000 in premium builder upgrades. This stunning extra-wide (24 ft) townhome showcases a timeless Hardiplank and stone exterior and offers four beautifully finished levels filled with natural light. Rare opportunity to assume VA loan at 3.2 % interest rate! Inside, you’ll find 3 spacious bedrooms plus a versatile den, along with 2 full baths and 2 half baths. Soaring ceilings exceed 9 feet throughout, with an impressive 13-foot ceiling in the lower level. The open-concept living and dining areas are perfect for both everyday living and entertaining, complemented by rich maple hardwood floors, custom paint, elegant trim, crown molding, wainscoting, and stylish window treatments. Two gas fireplaces add warmth and sophistication. The gourmet kitchen is a chef’s dream, featuring upgraded granite countertops, stainless steel appliances, dual ovens, a gas cooktop, microwave, and abundant cabinet and pantry space. The adjoining family room opens to a sunny Trex balcony—ideal for relaxing or entertaining. The entire third level is dedicated to a luxurious private primary suite, complete with crown and chair molding, two walk-in closets, and a spa-like bath. An adjoining den provides the perfect space for a sitting room, nursery, or home office, along with the convenience of a separate laundry room. Additional highlights include a built-in speaker system across all four levels and a recreation room that walks out to a private patio. Upper level AC was replaced in 2023. Parking is a breeze with a large driveway, two-car garage, and ample guest parking. Ideally located just minutes from King Street Metro, Amtrak, Reagan National Airport, Old Town, Amazon HQ2, the Pentagon, and Crystal City, with easy access to I-95, I-395, I-495, and the GW Parkway. This home offers the perfect blend of luxury, space and exceptional convenience.
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.
