**NEW PRICE** Welcome to this 3 level townhome with bump outs in sought-after Potomac Station! Have peace of mind with a comprehensive HOME WARRANTY for this three-level home offering a spacious and comfortable layout. The main level features hardwood floors in a bright living and dining area, and a large kitchen with granite countertops and stainless steel appliances. A full pantry makes organizing and storage easy. Upstairs, you’ll find two generous primary suites and a convenient laundry area. The finished lower level includes a cozy rec room with a gas fireplace, a den ideal for a home office, another full bath, and plenty of storage space. The daylight walk-out basement brings plenty of sunshine inside. The ROOF was replaced in 2020 and the WATER HEATER was replaced in the summer (2025). Potomac Station residents have access to several amenities. These include an Association Park which contain a playground, two tennis courts with pickleball lines and nets, one basketball court, and a picnic pavilion with grills. There are five other tot lots spread around the community with easy access. The community has a lovely walking path that travels down toward Goose Creek where an additional picnic table is available. A junior size Olympic pool is located at the clubhouse for resident use. The community is located right near the Leesburg Outlets, Home Depot and an abundance of shopping, a variety of restaurants, Inova hospital, medical offices, schools and easy commuter routes. Just a short drive away, take in downtown Leesburg or One Loudoun. Conveniently located near Routes 7, 15, the Greenway, Dulles and Leesburg Airports, public transportation and park and ride lots. Enjoy the convenience, comfort, and location this wonderful home 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.
