Welcome home to Kingstowne! This beautifully appointed garden-style condo offers the ease of one-level living in a sought-after corner location, flooding the space with natural light from every direction. Step inside from the first-level entrance to discover a light-filled living room anchored by floor-to-ceiling south facing windows and a cozy gas fireplace, with plush carpeting underfoot. Rich wooden cabinetry lines the kitchen, which opens seamlessly to the living space via a convenient peninsula bar - perfect for entertaining. The generously sized primary bedroom offers a true private sanctuary with a huge walk-in closet and beautifully appointed en suite bathroom that boasts a dual sink vanity, oversized tile shower, and built-in linen cabinet. Down the hall, a second bedroom offers two large closets and easy access to the full hall bathroom. In-unit laundry (updated in 2025) adds everyday convenience, along with ample storage throughout. Step outside to your covered private balcony, where a serene lake view makes for a peaceful escape, complete with an additional storage closet. Residents enjoy an exceptional amenity package including an outdoor pool, fitness center, clubhouse, tennis and basketball courts, scenic jog/walk paths, a lake, and tot lots. Just minutes to Wegmans, Safeway, Kingstowne Towne Center, Springfield Town Center, Huntley Meadows Park, Fort Belvoir, and the Pentagon. Quick access to Franconia-Springfield and Van Dorn Metro Stations, Telegraph Road, I-95, I-495, Route 1, Franconia-Springfield Parkway, and Fairfax County Parkway - everything you need is right at your fingertips. Schedule your private tour today!
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.
