Looking for a lovely home with additional space to keep your boat, cars, or work on hobbies? You found it! Welcome to this beautifully maintained and professionally renovated home, conveniently located in the Tyler Park community. The first floor is an impressive open floor plan, perfect for gatherings and sharing a meal. The chef in the family will be delighted with generous counter space and cabinets in the bright gourmet kitchen. As an added bonus feature there is a sunny first-floor bedroom and a beautifully tiled full bath. The upper level offers 2 spacious bedrooms with built-in shelves, plenty of closet space, and a cozy reading nook. Upper-level bath is beautifully appointed with spa-like features. The private walk-out lower-level offers a plethora of possibilities. It features a separate bedroom, an upgraded full bath, two additional rooms that can be an office, den or rec room. This space is perfect for a multi generational family, or a nanny suite. A fun Harry Potter under-the-stairs closet is great for storage, or for kids to play. Enjoy the screened-in porch with a ceiling fan, perfect to watch the sun rise, enjoy meals or read. The fully fenced in back yard is a peaceful oasis with old-growth trees offering shade for a hammock, playhouse, trampoline and/or zip line. The Parkview neighborhood offers easy access to shopping, dining, parks, and recreation areas. The soon-to-be-completed VHC Health Center is a 2-minute drive. Convenient access to the Metro, Airports, Beltway, I-66, and I-95 is also available. NO HOA You will have peace of mind with all of the following updates: Hot water heater installed January 2022 Newer low maintenance fence A water barrier and internal French drain installed in the basement in December 2022 Zoeller sump pump with battery backup installed summer of 2019 connected to the French drain. A new battery was installed March 2026 10 new windows, the bay windows and 2 new doors installed May 2024 New roof and gutters installed October 2022 Seller needs a rent back until June18th
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.
