Located in the sought‑after Hopyard Farm community! This beautifully maintained brick‑front Colonial offers over 4,500 sq. ft. of living space with 5 bedrooms, 3.5 baths, and a fully finished basement, perfectly situated on a 0.23‑acre cul‑de‑sac lot. Enjoy water access at the community boat ramp just blocks away, with on‑site boat parking. Hopyard Farm amenities include a clubhouse with billiards room, resort‑style pool, fitness center, nature park with river views, walking trails, tennis courts, picnic areas, and boat launch. Interior highlights: Vaulted foyer with coastal color palette and warm wood flooring through the kitchen, dining room, and sunroom. The living room features plush carpet, a remote‑controlled gas fireplace, and mounted 65" TV. The kitchen offers solid wood custom cabinetry, new electric stove, matching microwave and dishwasher, and a spacious open layout. The sunroom opens to a deck overlooking a partially wooded backyard with a SunSetter awning for shade. Main‑level laundry connects to the garage. Upper level: Primary suite with dual vanity, tiled shower, and soaking tub, plus three additional bedrooms, full bath, and dedicated HVAC system. Finished basement: 1 bedroom, a bonus room, media area with 60" TV and soundbar, sitting room with walkout to patio and gazebo. Outdoor living: Scenic backyard with mature trees, firepit area, large patio with gazebo (two ceiling fans), and circular gathering space. Garage & upgrades: Oversized 2‑car garage with upgraded flooring, mounted TV, heater, and full‑size fridge. Model‑home features include crown molding, chair rail, wainscoting, tray ceiling, and recent updates: hands‑free kitchen faucet, 2025 toilets, 2021 HVAC systems with dual Remy Halos, 2023 water heater. Additional features: His & Her closets in primary suite • Outdoor trash enclosure • Ring cameras & alarm system ready • Wireless front door lock • Sprinkler system ready for activation. Prime location: Short drive to Quantico, Dahlgren, Indian Head, Patuxent River, Richmond, and DC. Convenient to Fredericksburg and Spotsylvania VRE stations.
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.
