Summer is just around the corner. You could be on the water and enjoy a year round vacation lifestyle. This custom home is offering an affordable 3.375% assumable loan for qualified buyers—an incredible opportunity you don’t want to miss! Welcome to 6316 Vista Court in the sought-after Potomac Landing community—where river living meets everyday convenience. This beautifully finished 3-bedroom, 3-bath rambler offers nearly 3,000 square feet of inviting space, tucked on a landscaped cul-de-sac homesite. Here, life moves at a relaxed, coastal pace. Cruise by golf cart to Tim’s II at Fairview, Sam’s Pizza & Subs, or the full-service marina. Spend weekends on three private sandy beaches or kayaking and canoeing on the community fishing lake. This is river-community living at its best. The home makes a striking first impression with its neutral HardiePlank exterior, bold black shutters, and charming columned front porch. The freshly painted side-load garage is a standout—epoxy floors, upgraded lighting, and even a mounted TV setup create the ultimate space for car lovers or hobbyists. Out back, a brand-new composite deck transitions seamlessly to a stone terrace, overlooking a gently sloping yard framed by lush greenery—perfect for sunset gatherings. Inside, sunlight pours across gleaming hardwood floors and an airy open layout. The spacious living room, framed by bay windows, feels warm and welcoming. The kitchen shines with walnut-toned soft-close cabinetry, granite countertops, a large island, and recently upgraded KitchenAid appliances. A bright breakfast nook captures backyard views, while the nearby laundry room offers cabinetry, a utility sink, and natural light. The primary suite is a peaceful retreat with oversized windows, a walk-in closet, and a spa-inspired bath featuring dual vanities, a jetted soaking tub, and a walk-in shower. Two additional bedrooms and a full bath complete the main level. Downstairs, the finished basement expands your options—featuring a generous entertainment area with mounted TV setup, a full bath, a carpeted flex space (ideal for guests or a home office), and ample storage. There’s even direct access to the pristine garage. Major systems, including HVAC and water heater, have been meticulously maintained. Location seals the deal. Enjoy quick access to Downtown Fredericksburg (about 25 minutes), multiple I-95 exits and VRE stations, and easy commutes to Naval Support Facility Dahlgren (just 20 minutes). Everyday essentials at the Shops at King George are less than 10 minutes away. Comfort, community, and river access—all wrapped into one exceptional home. Schedule your showing today before it’s gone!
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.
