Welcome to this beautifully maintained home offering comfortable living, flexible entertaining spaces, major system updates, and a private wooded setting in an established Fairfax neighborhood. Surrounded by mature trees and lush landscaping, this home combines timeless charm with thoughtful improvements throughout, giving buyers comfort, character, and peace of mind. Inside, the main level features warm hardwood flooring, abundant natural light, and an inviting layout designed for everyday living. The spacious family room centers around a Mendota gas fireplace insert and flows seamlessly into the kitchen and dining area, creating an open and functional gathering space. The kitchen offers generous cabinetry, ample prep space, a Blue Star 4 burner gas range, and a beverage station with a 40 bottle dual zone wine fridge and 160 can beverage fridge. Large windows throughout the home bring in peaceful views of the surrounding greenery. Three bedrooms and two full bathrooms are conveniently located on the main level, providing practical and comfortable living accommodations. The home has been extensively improved over the years, including a tankless water heater and water treatment system, copper plumbing trunk lines, upgraded electrical panel, roof replacement with 50 year architectural shingles, replaced gutters, Carrier Infinity A/C and furnace with humidifier, replaced ProVia windows and doors, exterior painting, new attic insulation with air sealing, attic decking with insulated attic tent, sump pump and water guard system, and sewer line trunk repair. These valuable updates add comfort, efficiency, and long term confidence for the next owner. The fully finished lower level expands the home’s versatility with multiple recreation and flex spaces ideal for entertaining, relaxing, working from home, fitness, hobbies, or media use. A large recreation room with a Fireplace X fully flush wood stove insert creates an inviting secondary living area, complemented by an additional bedroom, full bathroom, spacious laundry room, new vinyl flooring, fresh interior paint, and multiple storage areas. Outdoor living is equally appealing with an expansive rear deck overlooking the private backyard surrounded by mature trees. The generous lot offers open lawn space, detached storage sheds, a 12x20 A frame building with electricity, and a peaceful wooded backdrop ideal for entertaining, gardening, recreation, or simply enjoying the outdoors. The patio area also features an updated landscape box, adding to the home’s outdoor charm. Conveniently located near Fair Oaks Mall, Fairfax Corner, parks, dining, grocery stores, and everyday conveniences, the property also offers easy access to I 66, Route 29, Route 50, and other major commuter routes throughout Northern Virginia. Combining comfort, flexibility, valuable upgrades, and an excellent location, this well maintained home presents a wonderful opportunity in the heart of Fairfax. Schedule your tour today! Seller reports an existing VA loan may be assumable by a qualified buyer, subject to loan servicer/lender approval, buyer qualification, VA guidelines, and verification of all loan terms. Buyer to verify assumption eligibility, loan balance, rate, payment, timing, fees, release of liability, and all requirements directly with the loan servicer.
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.
