An exceptional and stunning home approximately four miles from the future Quartz District, an upcoming mixed use development that will offer, retail, dining and lifestyle amenities and entertainment options to the area. Welcome to Morley Loop, located in the prestigious May’s Quarter community of Woodbridge, VA. This beautiful home offers not just luxury living but a vibrant lifestyle. Residents enjoy access to the private clubhouse, swimming pool, tennis and basketball courts, and scenic walking trails, perfect for families and active lifestyles. Golf enthusiasts will appreciate the proximity of Old Hickory GolfClub just minutes away, offering world-class golfing experiences without leaving the area. This energy-efficient residence offers an assumable VA loan at approx. 2.25% (available to VA-qualified buyers only subject to lender approval), creating a rare opportunity for long-term savings. If buyer is not a veteran, they are still welcome to submit an offer with a regular mortgage approval through their lender. The home features: -Professionally installed solar panels size 9.6 kw buyer assumes remaining balance, it also covered with 25 years warranty covering repair/replacement /site visit labor at no additional cost. -Built-in EV charging station inside the 2-car garage + 2 Driveway total of 4 -Home warranty paid through April 2028 transferable for free -Spacious and modern with open-concept design, elegant finishes, 5 bedroom, 4.5 bath , 14x20 deck, front porch or balcony, the open deck perfect for barbecue and party overlooking on the fully fenced yard for privacy , and the fully finished basement adds incredible versatility with large recreation room, full bath, and an optional bedroom or office , home gym - perfect for guests or private work from home space with walk out door, This property is just minute to shopping, dining , top schools, and commuter route, making everyday life convenient and enjoyable. With its combination of elegance, amenities, and location, this home is more than just a property— it’s a gateway to a dynamic and fulfilling lifestyle. Highlights: Built 2021 – first owner, well maintained 2-car garage with EV charging station +2 at the driveway Energy-efficient solar panels (balance to assume) VA loan assumption approx. 2.25% Home warranty paid thru April 2028 Modern open-concept layout, premium finishes Convenient location near I-95 & Route 234 Prepare to be impressed by the bright open concept main level features an Elegant living area, a gourmet kitchen with stainless steel appliances, and a spacious family room and deck for barbecue or relaxing afternoon tea. The Upper level offers a serene primary suite with walk in closet, plus 3 additional bedrooms with full bath and tub. Don’t miss this opportunity to own smart, save smart, and live beautifully.
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.
