Open House Saturday Jun 13th from 1 to 4pm! Is there a nearly new, low-maintenance home in Leesburg with main level living options, natural light, and everyday convenience? This 3-bed end townhouse in Cadence at Lansdowne offers 2,780 square feet, 3 bedrooms plus office, 3.5 baths, an attached 2-car garage, and a premium 2023-built end-unit setting. Welcome to 43899 Siren Song Terrace, a beautifully maintained Beaumont model in Cadence at Lansdowne, a newer 55+ active adult community in Loudoun County just outside Washington, DC. This lightly lived-in home is pristine, bright, and thoughtfully designed with an open main level, tall ceilings, a gourmet kitchen with island, quartz counters, stainless appliances, white cabinetry, great pantry space and seamless flow into the living and dining areas. A sliding glass door connects the interior to a private patio and green space. The floorplan offers exceptional flexibility with two spacious owner bedroom suite options, including a main-level owner’s suite option and an upper-level owner’s suite option with an adjacent sitting room. Upstairs also includes an additional full bedroom, hall bath, dedicated flex space, and generous living area. As an end unit, the home benefits from extra windows, a side entry, and abundant natural light throughout. Daily ease continues with an attached 2-car garage, guest parking and an HOA that includes front and side yard maintenance, trash pickup, and snow removal. The 3-bed end townhouse in Cadence at Lansdowne has community pickleball, sports court, dog park, picnic pavilion with grill, and scenic paths. Nearby convenience continues with Lansdowne Town Center, Harris Teeter, Panera, Ford’s Fish Shack, Inova Loudoun Hospital, Whole Foods, Wegmans, Leesburg Premium Outlets, Historic Downtown Leesburg, local wineries, breweries, golf, riverfront parks, and trail connections are all nearby. Dulles International Airport is approximately 12 miles away, and Washington, DC is about 34 miles away. A rare chance to enjoy nearly new, low-maintenance living in a convenient Lansdowne location.
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.
