Welcome to this spacious three-level home tucked away on a quiet cul-de-sac. Offering 4 bedrooms on the upper level, 5th legal bedroom on the basement level, and 3 1/2 bathrooms, this home provides a versatile layout with plenty of room for comfortable living. The main level features inviting living spaces with great natural light and a functional flow that is ideal for both everyday living and entertaining. The open concept is centered around the gourmet kitchen featuring white cabinetry, quartz countertops, stainless steel appliances with cooktop and double oven. Upstairs, you’ll find well-sized bedrooms including the expansive primary suite with walk-in closets, its own private bath offering dual vanity sinks and large shower. The lower level offers additional finished living space a spacious recreation room along with a full bedroom and full bathroom for added convenience. Here you will also find the plumbing rough-ins for your own addition of a wet bar for ultimate entertaining. Situated on a cul-de-sac lot, this home offers a peaceful setting while still being conveniently located near shopping, dining, commuter routes, and local amenities. Experience great savings on utility bills with solar panels on your new home. Outside of the great interior living space, take your entertaining outdoors. Whether you chose to gather out front with neighbors in the cul-de-sac, or take the fun out back to your stone patio where you have ample space for patio furnishings, multiple grills, fire pit, play-sets, and more. The property comes with an irrigation system for easy landscape upkeep and backs to trees for a peaceful and serene view. You will also enjoy all of The rich amenities of Eagles Point to include fitness center, swimming pool, tennis courts and more. A wonderful opportunity to own a well-located home with space to make your own. Conveniently located with multiple commute options into DC, including the VRE, nearby Omniride bus stops, and commuter lots. The home features GE Profile smart kitchen appliances and a Google Nest thermostat for modern comfort and efficiency. Situated within the Cardinal View development, 3608 Plumage is part of one of the four sought-after Eagles Pointe communities.
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.
