Step inside your new home and feel the warmth immediately. Whether you’re enjoying a quiet morning, hosting friends for laughter-filled evenings, or simply unwinding after a long day, you appreciate the generous warm light that invades your home on all levels. Glide across beautiful wood floors with soft recessed lighting adding unobtrusive warmth and beautifully updated finishes create an atmosphere that’s both cozy and sophisticated, inviting you to kick off your shoes and truly relax. The renovated kitchen is the heart of this home—a delightful space designed for real life. Imagine the aroma of fresh coffee brewing as you start your day, the joy of orchestrating meals for loved ones with spacious counter space, or the easy flow of conversation while friends gather around. With updated bathrooms, convenience and peace of mind are added to your list of benefits. Even better? Major system upgrades completed in 2024—including a new HVAC system, water heater, and most appliances—mean you can move in with confidence, knowing the huge benefit that this home is ready to support your life for years to come. Upstairs, the spacious bedrooms offer peaceful retreats where you can truly recharge. Downstairs, the fully finished lower level is a game-changer—bursting with potential as a lively recreation room, productive home office, energizing fitness space, cozy media room, or welcoming guest suite. No matter how your life evolves—whether you’re working from home, hosting family and friends, or simply craving room to breathe—this home adapts beautifully to every chapter. Outside, your private deck extends the living space into the fresh air and the filtering sunlight from trees above, creating the perfect spot for sunset dinners, peaceful mornings with a book, or relaxed evenings under the stars. The community amenities feel like an extension of your own backyard: a sparkling pool for summer fun, recreation areas, basketball courts, scenic parks, trails, playgrounds, and lush green space all just moments away. Best of all, you’re perfectly connected—shopping, dining, public transportation, major commuter routes, Washington, D.C., and Fort Belvoir are all easily accessible. This is the desirable kind of home that balances neighborhood charm with everyday convenience and adventure. Combining beautiful updates, incredibly versatile living areas, wonderful outdoor space, and a location that delivers the best of everything, this property is your heartfelt opportunity to embrace the Springfield lifestyle you’ve been dreaming of. (Photos may be virtually staged.)
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.
