*****THE SELLERS HAVE MADE A MAJOR $26,000 PRICE ADJUSTMENT, CREATING AN EVEN GREATER OPPORTUNITY FOR TODAY’S BUYERS! THIS TOWNHOUSE IS NOW POSITIONED AT AN ATTRACTIVE NEW PRICE WHILE OFFERING EXCEPTIONAL VALUE. FEATURING A DESIRABLE LOCATION NEAR THE LAKE, ACCESS TO AN OUTSTANDING SCHOOL DISTRICT, AND THE COMFORT AND CONVENIENCE BUYERS ARE LOOKING FOR. WHETHER YOU’VE ALREADY VISITED OR ARE SEEING THIS HOME FOR THE FIRST TIME, NOW IS THE PERFECT TIME TO TAKE ANOTHER LOOK. SCHEDULE YOUR PRIVATE SHOWING TODAY BEFORE THIS OPPORTUNITY IS GONE! Welcome to 5537 Kendrick Lane, a beautifully maintained home in Burke's highly desirable Lake Braddock community. Overlooking scenic 27-acre Lake Braddock lake, this property offers peaceful lake views and a unique opportunity to enjoy waterfront-style living in the heart of Northern Virginia. Residents enjoy access to canoeing, kayaking, fishing, and non-motorized boating on the lake, along with miles of walking trails and nature paths that connect throughout the community. Nearby Blackburn Pond provides additional opportunities to enjoy outdoor recreation, wildlife, and picturesque views. This amenity-rich, family-friendly neighborhood offers two community pools, including an active summer swim team for children, as well as tennis courts, pickleball courts, basketball courts, playgrounds, and extensive walking trails. Known for its strong sense of community, Lake Braddock hosts annual neighborhood yard sales, festive holiday home and townhouse decorating contests, and a beloved seasonal visit from Santa aboard a fire truck. You will appreciate access to some of Fairfax County's most sought-after public schools, including Kings Park Elementary School, Kings Glen Elementary School, and Lake Braddock Secondary School (grades 7–12), part of one of the area's most desirable Fairfax County school pyramids. Combining lake views, outdoor recreation, exceptional community amenities, top-rated schools, and a commuter-friendly location near Fairfax County Parkway, I-495, and major transportation routes, 5537 Kendrick Lane offers an outstanding opportunity to enjoy the best of Burke, Fairfax County, and Northern Virginia living.
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.
