OPEN HOUSE-THIS SUNDAY JULY 12 FROM 1-4PM. First time on the market-a rare hybrid model home with 3-sided exposures makes this END UNIT town home a must see!! Corner home on Annie Rose and Main Line- A spacious and beautifully appointed residence in the sought-after Potomac Yard neighborhood, offering 2,900 square feet of thoughtfully designed living space. This stunning 2-Level Condo Townhouse Near Old Town Alexandria offers a perfectly walkable neighborhood for all to enjoy. You can experience premier dining, boutique shopping, cozy coffee house, cultural attractions, and scenic waterfront paths. The heart of the home is the updated kitchen, featuring sleek cabinetry, stainless steel appliances and generous counter space, and an open layout that’s ideal for both casual meals and entertaining guests. This model is one of the largest end unit townhomes in the community. The home has been outfitted with Espresso hardwood floors and custom window treatments. The Paladium windows have Plantation shutters. This thoughtfully designed residence offers: 3 spacious bedrooms Bright, comfortable, and well-appointed 2.5 bathrooms — including a private primary suite bath and Custom Designer closets installed throughout. Designed with both everyday living and entertaining in mind, the main level showcases soaring 10-foot ceilings, and a seamless flow between spaces. A formal dining room with fireplace creates a warm and inviting setting for gatherings, while the expansive living room connects effortlessly to a chef’s kitchen complete with a large island, ideal for hosting or casual dining. This contemporary home comes with an attached 1-car garage with additional storage and extra parking spaces on the paver driveway for your second car or for guests. Ample public parking in the area is a rare and highly desired feature in this area! With its prime location near Old Town Alexandria, you’re within easy walking distance of renowned restaurants, lively cafés, historic sites, markets, vibrant community events. Within minutes to Washington D.C., Reagan National Airport, the new Virginia Tech Center, between 2 Amtrak train stations and all of the fun attractions that downtown D.C. has to offer! Enjoy the best of city living with neighborhood charm — this home truly has it all!
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.
