Priced to sell! This beautifully maintained interior townhome features a charming box bay window, gleaming hardwood floors, and recessed lighting throughout the main level. The updated kitchen showcases beautiful cabinetry, granite countertops, stainless steel appliances, and gas cooking. The main level also offers a convenient half bath and a sliding glass door leading to a large private deck. The upper level features brand-new carpet and three spacious bedrooms. The primary suite includes a ceiling fan, walk-in closet, and an updated full bathroom. A second full bathroom with a bathtub serves the additional bedrooms. The finished basement includes a storage room, washer and dryer, a tiled recreation room with a wood-burning fireplace, and walkout access to the fully fenced backyard. A rough-in is ready for a future third full bathroom. Fresh paint throughout and newer HVAC, roof, water heater, and windows add peace of mind. Additional perks include two assigned parking spaces, ample guest parking, and a serene setting that backs to trees for enhanced privacy. Living in Montclair means enjoying resort-style amenities right at home. Residents have access to tennis and basketball courts, baseball fields, multiple playgrounds, scenic walking trails, and a dog park. At the heart of the community is the stunning 108-acre Lake Montclair with three private beaches—Beaver Landing, Dolphin Beach, and West Beach—offering sandy shores, picnic areas, swim docks, and boating opportunities, with lifeguards on duty during summer months. Montclair Country Club offers a private golf course, while everyday conveniences include a neighborhood library, grocery store, and dining options just minutes away. Families value the highly rated schools, and commuters appreciate the quick access to Quantico, Fort Belvoir, I-95, commuter lots, and direct bus service to the Pentagon. This isn’t just a home—it’s your opportunity to experience the unmatched lifestyle that makes Montclair one of the most beautiful and sought-after communities in the region.
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.
