Beautifully built all-brick Colonial with Cape Cod influences, perfectly sited on a private 1.45-acre property (includes adjoining 0.71-acre lot—conveys; no future development next door). Meticulously maintained with clear pride of ownership inside and out. Well-designed floor plan offers main-level bedroom with en-suite bath—ideal for multigenerational living or guest suite. Updated kitchen features quartz countertops, stainless steel appliances, and seamless access to outdoor entertaining spaces. Upper level includes a versatile loft and a spacious primary suite with private balcony, walk-in closet, and bath with jetted tub and separate shower. Secondary bedroom features vaulted ceiling and dormer detail. Fully finished walkout lower level includes rec room with custom bar and second fireplace, fourth bedroom, full bath, and additional storage. Backyard designed for entertaining with Gunite pool (updated filter and app-controlled variable-speed pump), stone patio, and shed. Extensive recent updates. Freshly paved driveway with two additional parking spaces plus a brand-new 1-car Dutch Barn garage. Newly finished hardwood floors, and full interior repaint (2026). Major systems: roof replaced July 2024; HVAC (main/basement 2019, upper 2024); septic tank and distribution field 2021; well 2014; Leaf Filter gutter guards with lifetime warranty. Additional features include outdoor security system and VDOT-maintained dead-end street (snow removal). Ideally located in Fairfax Station, this home offers privacy while remaining close to everyday conveniences including shopping, dining, and major commuter routes. Enjoy easy access to the Burke Centre Virginia Railway Express Station, just a short drive away, as well as nearby destinations like the Historic Town of Clifton and Burke Lake Park—offering the perfect blend of tranquility, accessibility, and lifestyle.
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.
