Step up to this charming Cape Cod–style home in the heart of Woodbridge and you’re immediately greeted by its storybook curb appeal—cute dormer windows, classic lines, and an oversized one-car garage that adds both character and practicality. As you open the front door and step inside on the main level, the home unfolds naturally around you. To your left, the living room offers a welcoming space to relax, with an easy flow that makes everyday living feel comfortable and intuitive. Tucked just behind the living room, facing the back of the home, is a main-level bedroom—perfect for guests, a home office, or convenient one-level living. Continuing down the hallway, you’ll find a full bath, thoughtfully placed and easily accessible. The hallway gently circles around, leading you into the heart of the home: the kitchen. From the front entry, turning to your right brings you into the dining room, a warm and inviting space ideal for everyday meals or entertaining. The dining room flows seamlessly into the beautifully updated kitchen, where stainless steel appliances shine against modern finishes, making this space both stylish and functional. Just off the dining room, a door leads directly into the oversized garage, adding everyday convenience—especially on busy mornings or rainy days. Heading back to the entry, the staircase leads you up to the upper level, where the home truly maximizes its space. At one end, you’ll find the primary bedroom, complete with a walk-in closet featuring custom shelving. At the opposite end sits the second bedroom, also offering a walk-in closet with custom organization and a second closet. A full bath serves this level. Easily add a bonus room over the garage as an additional storage, office or play space. Downstairs, the walk-out basement provides even more flexibility—whether you envision a rec room, home gym, or additional storage, this level adapts to your needs. The washer and dryer, complete with pedestals, add comfort and ease to daily routines. An extra room for crafting or storage can also be found here. Step outside and you’ll discover a large, flat backyard that’s fully fenced—perfect for entertaining, pets, play, or simply enjoying outdoor living. This home also offers peace of mind with major updates already completed: new flooring installed 2023, windows and siding replaced in 2024 with transferrable warranty, an architectural roof approximately 15 years old, and a furnace of the same age that was recently serviced with a new motor about a year and a half ago. With three levels, three bedrooms plus a multipurpose room, 2.5 baths, and a layout that balances charm with functionality, this Woodbridge home is ready to welcome its next chapter. Last photo is from g**gle images to show the home without snow.
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.
