✨If you’re currently renting, sharing space, or simply ready for something newer that feels clean, manageable, and truly yours, 517 View Point Way offers a practical next step without the overwhelm of an older home. ✨Built in 2022, this well-kept townhome is designed for everyday living. The main level features an open layout with a functional kitchen at the center—complete with dark cabinetry, granite countertops, stainless steel appliances, and a center island—all flowing naturally into the living space. Step right out to the deck off the kitchen, perfect for a quick break, fresh air, or casual evenings at home. ✨Upstairs, you’ll find two bedrooms, each with its own full bath, offering a comfortable setup for privacy—ideal for a roommate, guests, or simply having your own space. The finished lower level adds a third bedroom and full bath, along with walk-out access to the backyard. Backing to woods, this level creates a quieter, more private area that works well for a home office, guest suite, or separate living space. A second outdoor area from the lower level gives you usable space without the maintenance of a large yard. ✨Living in Rappahannock Landing means having access to amenities that support your routine, including a community pool, clubhouse, fitness center, and walking trails, all just steps from your door. ✨Location is a big part of the value here. With convenient access to I-95, Route 1, and the VRE, commuting becomes more manageable, whether you're heading toward Northern Virginia or staying local. You’re also just minutes from downtown Fredericksburg, known for its restaurants, shops, waterfront views, and historic charm—giving you options for weekends and evenings without needing to travel far. ✨If you’re looking for a newer home that offers a smart layout, low maintenance, and a location that supports your day-to-day life, this is a strong opportunity to make that transition.
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.
