Tucked away on a premium lot backing to woods, this beautifully maintained and upgraded home offers a rare blend of privacy and convenience just minutes from DC. Enjoy peaceful, nature-filled views with a backyard that feels like a private retreat. Lovingly cared for by its original owners, this home is ideally positioned to take full advantage of its serene surroundings. The fully fenced backyard features elegant white vinyl privacy fencing and opens to tranquil wooded views where you may spot deer, owls, turtles, and a variety of birds. With nearby wetlands enhancing the natural setting, the backyard offers a peaceful escape that feels more like a secluded Airbnb than a typical suburban yard. Inside, the home reflects pride of ownership with tasteful updates and well-designed living spaces. The kitchen has been upgraded with granite countertops and a beautifully extended island with seating, offering both functionality and a natural gathering space for entertaining. The main living area is anchored by a propane fireplace and stove, providing warmth and ambiance with efficient, low-cost operation. The finished basement adds versatile living space and includes a full bathroom, offering excellent flexibility for guests, recreation, or the potential to create a comfortable in-law suite or multi-generational living space. For enhanced comfort and efficiency, the home is equipped with two HVAC systems: a basement unit that services both the main level and basement, and a separate attic heat pump dedicated to the upper level, allowing for more balanced temperature control throughout the home. Upstairs, you’ll find four spacious bedrooms and two full bathrooms including a premium primary suite with soaking tub and separate shower and huge walk-in closet, offering a comfortable and well-balanced layout. With no HOA, you’ll enjoy flexibility while still benefiting from a connected community feel. The home is within walking distance to parks and trails, and residents have the option to participate in the Lincoln Vista community, including use of the community center for gatherings and events. A nearby community church also hosts local events such as meet-and-greets and fish fries, adding to the welcoming neighborhood atmosphere. This home offers a rare combination of privacy, natural beauty, thoughtful upgrades, and everyday convenience in a highly desirable location.
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.
