• Welcome home to 7805 Wendy Ridge Ln — A gorgeous and spacious 5-bedroom, 4-full bath multi-level, modern home with an open floor plan on a spacious, private 1/3+ acre lot with attached 2-car garage. • BRIGHT & OPEN LIVING ROOM: Vaulted ceilings, abundant natural light from multiple windows and doors, and a seamless flow into the dining area — perfect for entertaining and everyday living. • DINING ROOM: Open and inviting, open to the living room and kitchen for effortless hosting. • KITCHEN: Recently updated with upgraded countertops, updated appliances, ample cabinetry, and storage. Space for a breakfast table with a sliding glass door leading to the front porch — ideal for morning coffee. • UPPER LEVEL PRIMARY SUITE: Large bedroom with windows on two walls, two walk-in closets, and a renovated ensuite bathroom. • ADDITIONAL UPPER-LEVEL BEDROOMS: Two spacious bedrooms with ample closet space, sharing a hall bathroom with a double-sink vanity. • LOWER LEVEL 1 - • LOWER LEVEL 1 - BEDROOMS: Two additional bedrooms with updated flooring and a full bathroom featuring a double-sink vanity. Plenty of storage throughout this level. • LOWER LEVEL 1 - REC ROOM: Large rec room with built-ins, wood-burning fireplace, and another updated full bathroom — perfect for entertaining or relaxing. • LOWER LEVEL 2 - • GAME ROOM: Large 2ND rec room with stamped concrete floor, bar, and loads of storage. • BACKYARD OASIS: Private wooded setting with oversized 2-level deck overlooking a HEATED and refinished in-ground pool (replastered with new filter in 2022), ideal for summer gatherings and outdoor enjoyment. • RECENT UPDATES: New roof and gutters (2021), New water heater (2025), New driveway (2025). • PRIME LOCATION: Close to major commuter routes: 495, 395, 50, and Dunn Loring METRO. Easy access to Tyson's Corner, Mosaic District, Washington DC. • Spacious lot, functional layout, and all the features for comfortable family living, this beautiful, updated, and well-cared-for home offers loads of space and a backyard oasis. • WELCOME HOME! • Love where you live! •
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.
