Spacious home nestled in a quiet community on the DC side of Warrenton with no HOA. Featuring 5 bedrooms and 3 full baths on a private 1 acre lot. Home was renovated in 2019 to include a new roof, new siding, new windows, two new HVAC systems, hand scraped hardwood floors on main level, renovated kitchen, and two bathrooms on upper level. The 2019 Kitchen renovation included white shaker cabinets, granite counter tops, and appliances. Upper 3 bedrooms have laminate plank flooring installed in 2024, only one bedroom upstairs has carpet. The current owner added a fenced in rear yard and a new asphalt driveway. The driveway is circular in the front and then is wide and extends to the rear of the home with a two-car rear load garage. The decks were rebuilt in 2019, there is a deck off the main level with stairs down to the rear yard as well as a Juliet balcony off the primary bedroom suite. The front of the house has a covered porch and double front doors that open into a grand entry foyer. There is a cozy wood burning fireplace in the family room and all rooms are generous in size, the main level is over 2600 square feet with 4 bedrooms and two full baths. The lower level is nearly 2000 square feet with a large bedroom and den with it’s own full bathroom. The lower level has a sliding glass door and features sun filled windows facing the back yard. The lower level has all new luxury vinyl plank flooring just installed in May 2026 and new carpet on the stairs. Hot water heater was just replaced in May 2026. The home is being sold as-is and it is in need of some TLC to restore this expansive home and property back to it’s full potential. Great opportunity to build sweat equity in a sought after Warrenton community. Schedule your showing today.
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.
