Move-in ready and beautifully updated, this exceptional two-bedroom, two-bath end-unit home offers a highly desirable walk-out lower level with unusually high ceilings—a rare feature for this model that creates an open, spacious feel throughout the basement level. Thoughtfully upgraded throughout, the gourmet kitchen features premium cabinetry, granite countertops, a custom-built spice cabinet, and ceramic tile flooring. Beautiful hardwood floors flow throughout the main living areas, creating a warm and inviting atmosphere. Recent improvements include a stunning luxury bathroom renovation in 2024, all new windows installed in 2022, a new heat pump and HVAC system (both interior and exterior units) in 2025, and a new garbage disposal in 2024. The highly desirable Edgewood model is one of the community's most versatile floor plans, offering exceptional flexibility for a variety of living arrangements and investment opportunities. The walk-out lower level can easily function as a private primary suite, with the adjacent room serving as a spacious walk-in closet, home office, dressing room, fitness area, or sitting room. Direct walk-out access provides added convenience. Upstairs, the second bedroom offers additional flexibility and can be used as a primary bedroom, guest room, home office, or hobby space, allowing owners to customize the layout to fit their needs. The separation between the upper and lower levels creates distinct living areas that enhance both comfort and functionality. For investors, the Edgewood's adaptable floor plan and dual-level design offer broad rental appeal and flexible occupancy options. Whether you're seeking a comfortable primary residence, a lock-and-leave lifestyle, or an investment property, the Edgewood delivers a rare combination of versatility and functionality. Situated on an incredible corner lot, the property offers a fully fenced backyard and a private, peaceful setting. Garden enthusiasts will appreciate the beautifully landscaped grounds, featuring mature trees, shrubs, and plantings that provide color and interest throughout the seasons. The location is equally impressive, just steps from the community pool, abundant parking, and expansive green space. Community amenities include an outdoor swimming pool, tennis courts, and a community center that hosts a popular farmers market from spring through late fall. Ideally located just minutes from Washington, DC, I-395, Reagan National Airport, the Pentagon, Old Town Alexandria, Shirlington, Arlington, and an abundance of parks, shopping, dining, entertainment, and recreational opportunities.
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.
