Welcome to 46509 Hollymead Place, a truly exceptional residence in the highly sought-after Potomac Lakes community of Cascades in Sterling, Virginia. Originally selected as the community's model home, this remarkable property combines timeless design, modern luxury, and cutting-edge Tesla-powered energy efficiency in one of Loudoun County's most desirable neighborhoods. <p> What truly sets this home apart is the extraordinary level of investment its owners have made, totaling more than $300,000 in improvements and upgrades throughout the property. At the heart of the home's sustainability features is a Fully Paid OFF substantial Tesla energy system valued at approximately $75,000, including Tesla solar panels, dual Powerwall battery backup systems, EV charging capability, upgraded electrical infrastructure, and protective mesh screening. Equipped with two Tesla Powerwalls, this home provides reliable backup power during outages, allowing you to keep essential systems running and enjoy greater energy independence for days. <p> This home is a Smart Home all controlled by Apps: Ring to control outside camera and backyard light, Kasa to control light switches in garage, deck and decklights, Wiz to control lights in formal living room, Govee Home to control lights in Sauna Room, Google Home to control Thermostat and Tesla App to manage garage charger, power walls and solar. <p> Offering over 3,122 square feet of finished living space, this beautifully updated home features four spacious bedrooms, three full bathrooms, and one half bath, including a fully finished lower level with a full bath and a recently installed premium infrared sauna designed for wellness, recovery, and relaxation. <p> The home has undergone extensive recent renovations, including a complete exterior transformation featuring a new roof, siding, gutters, soffits, and sliding glass door. Inside, nearly every space has been thoughtfully refreshed with new paint, new carpeting, updated lighting, renovated bathrooms, and contemporary finishes throughout. <p> The beautifully remodeled kitchen serves as the centerpiece of the home, showcasing quartz countertops, upgraded cabinetry, designer backsplash, and an impressive suite of newer Samsung appliances, including a smart electric range with Flex Duo technology, Air Fry capability, convection microwave, Bespoke refrigerator, and dishwasher. <p> Additional major improvements include a newer Carrier HVAC system with HVAC ultraviolet (UV) light air purifiers that use UV-C light to neutralize airborne microbes like bacteria, viruses, and mold spores as they circulate through your heating and cooling system, repaved driveway, recently replaced washer and dryer, upgraded garage door motors, extensive electrical updates, and the replacement of approximately 90% of the home's interior and exterior light fixtures. <p> The lower level has been extensively renovated within the past year and now offers flexible living space complemented by a premium Sunlighten mPulse infrared sauna featuring red light therapy, near-, mid-, and far-infrared technology, ultra-low EMF design, chromotherapy lighting, and advanced wellness features typically found only in luxury spa environments. <p> Located within the award-winning Cascades Community Association, residents enjoy access to an impressive collection of amenities, including swimming pools, fitness centers, clubhouses, tennis courts, playgrounds, walking trails, community events, and recreational facilities. The location offers convenient access to shopping, dining, commuter routes, Dulles International Airport, the Potomac River, Algonkian Regional Park, and everything that makes Loudoun County one of Northern Virginia's premier places to live. <p> This is more than a home—it is a rare opportunity to own one of the community's original showcase residences, thoughtfully modernized with an extraordinary commitment to quality, efficiency, wellness, and long-term value.
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.
