Absolutely stunning and thoughtfully upgraded, this Richmond American Presley model is the dream home you have been waiting for—perfectly positioned on a desirable cul-de-sac with a deluxe lot, private fenced yard, and peaceful views of lush trees. Built in 2022, this 5-bedroom, 4-full-bath home offers three beautifully finished levels, dramatic 10-foot ceilings, 9-foot doors, elegant designer light fixtures throughout, dual HVAC systems, and a 2.5-car garage with Tesla charger and an extra storage bay for motorcycles, golf cart, bikes, or gear. ***ASSUMABLE FHA loan @2.75%*** Please reach out to the listing agent for more information. INCREDIBLE OPPORTUNITY for savings for the qualified buyer!! ***A welcoming front porch opens to a grand foyer with a wide staircase and elegant sightlines. The main level features LVP flooring, a bright open-concept layout, and a beautifully appointed kitchen with quartz countertops, white shaker cabinetry, herringbone ceramic tile backsplash, 36-inch gas cooktop, double wall ovens including a convection/microwave combo, oversized island with seating, and a walk-in pantry. The dining area is filled with natural light from a gorgeous row of windows and opens directly to the Trex deck with retractable awning and stairs to the large, level backyard. A main-level bedroom and full bath add exceptional flexibility for guests, multigenerational living, or a private office. ***Upstairs, a spacious loft creates a true second living area, enhanced by custom built-in bookcases and charming window benches with storage. The serene primary suite with plush carpet and generous windows overlooks the trees and backyard and features a huge walk-in closet and spa-like bath with double vanities, separate commode, and a beautifully finished shower. Two additional bedrooms, a generous hall bath with double sinks, proper laundry room with sink, and abundant closets complete the upper level. ***The finished lower level continues the elevated feel with LVP flooring, a large rec room, 5th bedroom, 4th full bath, dedicated gym or bonus space under the addition, and an unfinished flex room for storage, hobbies, or future possibilities. Located in sought-after Brunswick Crossing, residents enjoy resort-style amenities including a pool, tennis courts, fitness center, yoga studio, sports fields, basketball, beach volleyball, dog parks, trails, and community garden. With easy MARC train access to DC and Montgomery County plus convenient routes to Northern Virginia, Baltimore, Frederick, and beyond, this home delivers luxury, privacy, space, and an unbeatable 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.
