Welcome to Daventry, where tree-lined streets, friendly neighbors, and miles of trails create the kind of community people move into and never want to leave. This beautifully updated 3-level townhome with a garage offers over 2,100 finished square feet, an open floor plan, and a private wooded setting that may have you forgetting you're just minutes from everything Northern Virginia has to offer. The sought-after rear-kitchen design creates a natural flow for everyday living and entertaining. The beautifully remodeled kitchen features stainless steel appliances, quartz countertops, a tile backsplash, coffee bar, and hardwood cabinetry that stretches all the way to the ceiling—because apparently there is no such thing as too much storage. Hardwood flooring extends throughout the main living areas and primary suite, adding warmth and timeless style. Upstairs, all three bedrooms are conveniently located on the same level, including a spacious primary suite with a walk-in closet and a fully remodeled luxury bath completed in 2023. Featuring an oversized glass shower, soaking tub, and dual vanity, it feels more like a boutique spa than a bathroom. Fair warning: you may find yourself lingering a little longer than necessary. The finished walk-out lower level offers a spacious recreation room that opens to a shaded brick patio, making it the perfect place for movie nights, game days, home workouts, or finally winning that family ping-pong championship. A climate-controlled storage area provides additional space for holiday decorations, camping gear, or all those Amazon purchases you promised wouldn't happen. Step outside and enjoy the peaceful wooded backdrop and direct access to the Gerry Connolly Cross County Trail, with over 40 miles of hiking and biking trails right outside your backyard. No need to drive to nature when nature shows up at your back door. Located on a quiet neighborhood circle with limited traffic, this home offers the perfect setting for bike rides, evening walks, and neighborly conversations. Daventry residents enjoy access to a community pool, renovated tennis and pickleball courts, playgrounds, a community room, and neighborhood events throughout the year. All of this is located within the highly sought-after West Springfield High School pyramid and just minutes from Whole Foods, Trader Joe's, Costco, Springfield Town Center, Fort Belvoir, the Pentagon, and major commuter routes. Whether you're heading to work, soccer practice, or a last-minute Costco run that somehow turns into a $300 shopping trip, everything is conveniently close by.
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.
