*VA ASSUMABLE LOAN - Your opportunity to purchase with a 2.5% interest rate.* Welcome home to your private oasis in Woodbridge! This stunning three-level residence offers the perfect blend of elegant interiors and an extraordinary backyard retreat that will be the envy of everyone you know. Step inside to discover freshly painted interiors with luxury vinyl plank flooring flowing seamlessly throughout the main level, creating a sophisticated and cohesive look. The bright and spacious living room welcomes you with natural light, while the formal dining room showcases elegant columns and classic chair rail molding, perfect for hosting dinner parties or family celebrations. The kitchen delights with rich wooden cabinetry, stainless steel appliances including a double wall oven, a peninsula bar, and a sun-filled breakfast nook for casual dining. Relax in the cozy family room featuring a fireplace flanked by windows framing your peaceful view. Upstairs, plush carpeting leads to a luxurious primary suite with striking vaulted ceilings and a stunning en suite bathroom, plus three additional generously sized bedrooms sharing a beautifully updated full bathroom. Downstairs, the expansive lower level offers a versatile recreation room to suit your individual needs, plus plenty of storage space. The backyard is where this home truly shines as your personal paradise, featuring an in-ground pool with jacuzzi hot tub, professionally terraced stone landscaping with multiple entertaining areas including covered pavilions with lighting, a charming greenhouse for the gardening enthusiast, and expansive paver patios perfect for hosting gatherings. Additional highlights include a long driveway, attached two-car garage, and a detached two-car garage providing abundant parking and storage. The basement was renovated in 2024, the solar panels were installed in 2022 with the roof being replaced in 2020. New siding 2023, windows replaced in 2022, the kitchen was remodeled in 2023, the primary and guest bath in 2024. New garage doors in 2024 and the flooring was replaced in 2024. HVAC and furnace were 2023. Located just minutes to Harris Teeter, Giant, Stonebridge at Potomac Town Center, Potomac Mills, historic Occoquan, Quantico, and Prince William Forest Park, with quick access to Dale Boulevard, Prince William Parkway, I-95, and Route 1 for effortless commuting. Schedule a private tour today and start the new year in your new home!
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.
