714 Day Ln stands out in Potomac Greens for a reason. Very few townhomes in the community have a fully renovated kitchen and primary bathroom, and even fewer combine that with the long list of major system updates already completed here. Spanning four levels and over 3,400 square feet, the layout offers a wonderful amount of flexibility without sacrificing warmth or natural light. The main living level is especially fabulous, with high ceilings, oversized windows, hardwood floors, and an open flow that still gives each space its own purpose. The kitchen was completely renovated in 2021 with quartz countertops, extensive cabinetry, stainless steel GE appliances, and a large island that naturally becomes the center of the home. One of the things the current owners love most about the house is the light and the way the trees outside change through the seasons. The terrace also deserves special mention - it feels quite private, with open sky views, great sun, and even seasonal glimpses of fireworks over Old Town. Upstairs, the primary bathroom was fully remodeled in 2026, and all bedroom carpeting was replaced with oak hardwoods in 2021. Additional improvements in the last 5 years include new stair railings and banisters, recessed lighting, two completely updated HVAC systems, new windows, tankless water heater, new roofing including the terrace roof, and a smart garage door opener. The location within the community is also notable, just off the main street and close to greenery. Potomac Greens is known for its quieter streets, strong sense of community, pool, clubhouse, fitness room, and direct access to walking trails and wetlands. Residents regularly gather for neighborhood events, food trucks, happy hours, and seasonal celebrations throughout the year. The Potomac Yard Metro is about a 7-minute walk away, Reagan National is one stop from there, and Old Town, Del Ray, National Landing, the Mount Vernon Trail, and the GW Parkway are all close by. The convenience and quality cannot be beat. Please join us for a tour at our Open House this weekend!
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.
