This home is priced well BELOW MARKET VALUE to make it attractive to buyers with a VISION of what it can be. Please do your research and check the recent neighborhood sales to understand the HUGE POTENTIAL this house can be with some TLC. It is being sold AS-IS. The interior photos are the actual rooms but AI generated to remove personal items and clutter. +++++ This home is nestled on a quiet, tree-lined cul-de-sac at the corners of Sterling, Great Falls, and Reston, close to highly sought-after Cascades community, this timeless 1992 Colonial-style residence is more than just a house—it’s the setting for your next chapter. From the moment you pull into the driveway of this 0.24-acre property, you feel the perfect balance of suburban tranquility and modern convenience. Stepping through the front door, you’re greeted by an inviting, open-concept main level designed for both effortless entertaining and cozy weeknights. The kitchen is designed for a top chef to be productive, recently updated with glistening granite countertops, sleek stainless steel appliances, and durable tile flooring. Whether you're hosting a dinner party in the formal dining area or enjoying a casual breakfast, the floor plan flows naturally into the living spaces. For those working from home, the sun-drenched private office offers a quiet sanctuary with large windows that bring the beauty of the outdoors inside. It is also an optional main-level bedroom if the need presents itself. When it's time to unwind, step out onto the rear deck to turn the burgers on the grill of for the perfect spot for morning coffee. The upper level is dedicated to rest and relaxation. Four spacious bedrooms are conveniently located on this floor. The Primary Suite is a true showstopper, featuring a rare private seating area—perfect for a reading nook—and a spa-like en-suite bathroom. With a deep whirlpool tub taking center stage, separate shower, and double vanities, it can be an escape from your busy life. The lower level features a large recreation room complete with a wet bar, making it the ultimate destination for game days or movie nights. With an additional full bathroom and flex rooms that can easily serve as a home gym, guest space, or bonus room, the possibilities are endless. Close by you have Miles of scenic trails for walking, jogging, and biking. There is access to multiple community pools, tennis courts, and fitness centers. The Algonkian Regional Park and the Potomac River are close by for weekend adventures. Top-tier shopping and dining just minutes away at Cascades Overlook and Potomac Run Plaza. This home is a rare find that captures the elegance of traditional architecture with the upgrades today’s buyers crave. At this list price for this location it won’t last long.
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.
