Don’t miss this fantastic opportunity to own a private side-entrance brick end-unit Federal Colonial townhouse backing to gorgeous mature trees in the highly sought-after Kingstowne community. This property has all new flooring on the top two levels and is freshly painted throughout with refreshed updates to the bathrooms. Offering over 2,000 square feet of beautifully maintained living space, this popular Elm model combines timeless charm with thoughtful updates throughout. The spacious, updated kitchen features newer appliances, abundant cabinetry/storage (Including custom fold-out pantry storage. The large and spacious living room is filled with natural light and centered around one of two cozy wood-burning fireplaces. Fresh bright paint, custom shutters, plantation blinds, brand new luxury vinyl flooring on the main level, and central vacuum on all three levels add style and convenience throughout the home. Step outside to your own private retreat featuring a custom two-tiered deck with pergola overlooking peaceful wooded views, plus a lovely custom patio and fully fenced backyard accessible from the walk-out lower level. Patio furniture with umbrella and storage shed both convey! On the top floor you’ll find 3 spacious bedrooms, while the fully finished walk-out basement offers incredible flexibility with a possible 4th bedroom, den, or home office along with a full bathroom and second wood-burning fireplace. *****Major updates include BRAND NEW HVAC (2026), HOT WATER HEATER (2022), ROOF (2016). Additional highlights include new pull-down attic stairs, covered front porch side entrance, and two private guest parking spaces directly in front of the home with convenient access to your mailbox and trash receptacles. PARKING SPACES 129 and 130 are assigned to this property. There are also visitor parking spots available - there is one next to 130! Kingstowne continues to benefit from significant public and private investment, making it an increasingly attractive destination for homeowners and investors alike. One of the most exciting additions is the new Franconia Governmental Center complex, home to the expanded Kingstowne Regional Library, a new Franconia Police Station, Active Adult Center, childcare facilities, community gathering spaces, and structured parking—all centrally located near Beulah Street and Silver Lake Boulevard. The area is also poised to benefit from Inova's major healthcare expansion, including the new Franconia-Springfield hospital campus near Beulah Road and Franconia-Springfield Parkway, bringing state-of-the-art medical services, employment opportunities, and long-term economic growth to the community. In addition, ongoing residential and mixed-use development throughout the Franconia-Springfield and Kingstowne corridors is introducing new luxury housing options, enhanced walkability, and expanded retail and dining opportunities. Combined with Kingstowne's established amenities, miles of walking trails, proximity to Metro, Fort Belvoir, major commuter routes, and Washington, D.C., these investments further strengthen the area's reputation as one of Northern Virginia's most desirable places to live, work, and invest. All of this in an unbeatable Kingstowne location close to shopping, dining, parks, commuter routes, Metro, and top community amenities, including ACCESS to 2 metro stops (Springfield and Van Dorn), VRE and all the major highways connecting Northern Virginia, Washington DC and Maryland. ***Ask about the 3.25% VA Assumable Rate Loan!
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.
