Welcome to Augustine North - an exceptionally beautiful neighborhood known for its unique home styles, private lots, and excellent location. Situated on a peaceful cul-de-sac off of a cul-de-sac you’ll find 5 Engles Court, set back from the road and nested amongst mature trees. The outdoor living spaces here are a must-see. Spend a few moments on the expansive front porch or the sunny rear deck and you will certainly claim them as your future morning coffee spots. Under the primary deck is a secondary deck that would be ideal for a hot tub, a sand box, or simply a storage area for outdoor toys. Inside the home, you can continue enjoy the sunshine because the entire dwelling is filled with an exceptional amount of natural light. Real hardwood flooring covers all of the high traffic areas and brand new carpet has been installed in the massive living room, as well as the entire upstairs, giving those spaces a cozy touch. The kitchen is uniquely designed for a chef, boasting a two-tiered island with a second sink and plenty of space for simultaneous food prep, presentation, and consumption. The stainless steel appliances include a high-end, professional grade, Thermidor range complete with a griddle and food warming lights in the hood. On the main level you will find not one, but two gas fireplaces bringing warmth and beauty to those main living spaces. Overlooking the wooded backyard is a sizable sunroom, ideal for houseplants to thrive and for family to enjoy the beauty of nature in a temperature controlled environment. Upstairs, you will find two large master bedrooms, and two additional bedrooms each with oversized closets. The partially finished, walk-out basement has a large finished den area as well as another finished flex room. These spaces are a blank canvas ready to be used as a theater, a gym, a play room, or possibly even a hobby room. The unfinished portions of the basement contain large, wooden storage racks and provide ample space to neatly store seasonal decor. Recent updates include: roof (2018), furnace (2018), refrigerator (2024), garage doors (2026), and driveway (2025). The neighborhood itself offers a golf course community lifestyle which includes a swimming pool, pickle ball courts, a community center, and paved walking paths. Just moments outside of the neighborhood you will appreciate everything that the Embrey Mill Town Center has to offer, including a wide array of restaurants, shopping, and medical services. Conveniently located near major commuter routes including Interstate 95, U.S. Route 1, and VA-610. Less than 7 miles to Quantico, Approximately 10 miles to the VRE commuter rail, 31 miles to Fort Belvoir, and about 40 miles to Washington, D.C.. Come see for yourself all that 5 Engles Court has to offer!
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.
