On the banks of scenic Goose Creek, this impressive estate of significant influence awaits in a highly exclusive cul de sac in the community of Lansdowne on the Potomac. A stately brick colonial home combined with a private pool on a premium lot all backing to mature trees for exceptional seclusion is simply unmatched for this community. Lush landscaping framed with stately colonial architecture as the home greets you with a dramatic double height foyer with sweeping stairs and art quality lighting. The entrance flows seamlessly across the formal dining room with butler’s pantry, private reading library, home office, sunroom and enlarged gathering room. Guests will be awestruck by sunlight beaming in through an abundance of views from the windows as this path will lead to the open concept chef’s kitchen. In the timeless chef inspired kitchen, create best-loved recipes with the help of professional grade Viking and Sub-Zero appliances. Guests and family alike will adore savory holiday meals in the dining room, and joyful brunches in the luxurious sunlit breakfast room. From the kitchen, a meticulously framed ceiling will guide and delight as you explore the 7,600+ sq. ft. home. Intimate conversations and splendid gatherings alike are yours to host within several irresistible living spaces, while the main level study provide privacy for remote work, you can also relax in the reading room during the evenings with a book. Beautiful detailed hardwood floors will escort you to the home’s second level where the grand entrance offers views of dewy mornings and the meticulous landscaping. In the evenings, spacious bedrooms and spa-like bathrooms allow family and guests to unwind. In the primary suite, choose to relax in the dual shower or with an evening of bubbles in the regal soaking tub. Afterwards, your sitting-room with a miniature tea/wine bar beckons you to continue plans of blissfully hiding away. A elegant primary retreat with a spacious custom closet featuring tailored shelving and an exclusive second story balcony with tranquil poolside views offer an easy escape from a busy day. There’s no shortage of entertainment and pampering as the home offers movie nights in the theater, a lower level parlor, wine-tasting bar, home gym, crafts/hobby area, sports viewing room, pool/ping-pong table room and featuring a floor to ceiling cedar-lined storage room to store designer luxury goods. A lower level bedroom can be ideal for extended guests. As you approach the exit to the garage, an expanded mudroom with ample shelving for week long activities leads to a main level deluxe laundry room, complete with a concierge style high end steam closet for dry cleaner quality care for delicate clothing. Outside, a 3 car side load garage ensures effortless daily access and abundant space for vehicles and storage, combining convenience with refined functionality. Treat your guests to sunny afternoons by the pool and moonlit evenings near your custom outdoor wood burning fireplace. The residence features a sophisticated, multi-tiered surround sound system integrated throughout both the interior living spaces and the exterior pool area, delivering an exceptional audio experience designed for elevated entertaining. As a member of the community, you’ll enjoy access to the exclusive Potomac Club, which offers swimming, tennis, billiards, gym membership, and event space. In addition, membership is available at the nearby Lansdowne Resort, which offers golf, spa services, and fine dining. Refresh your mood and connect to nature via the area’s numerous hiking trails, or choose to go boating and fishing on the Potomac River or Goose Creek. Nearby historic downtown Leesburg offers posh farm-to-fork restaurants, boutique shopping, and town festivals. Further afield, Washington D.C. will entertain with urban flair, and nearby Dulles International Airport awaits to transport you anywhere in the world!
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.
