Tucked away on a quiet cul-de-sac and backing to protected parkland, this exceptional Newington Forest home offers a backyard retreat that is nearly impossible to replicate. Surrounded by mature trees, lush gardens, and peaceful wooded views, the outdoor living spaces have been thoughtfully designed for both entertaining and everyday enjoyment. *** Step outside to a spacious Trex deck with room for dining and lounging, overlooking a low-maintenance saltwater pool designed with generous seating areas to relax and take in the landscape. The lower patio provides shaded spaces for dining and gathering, while the separate wood-burning firepit area with built-in seating creates the perfect setting for evenings under the stars. Additional outdoor features include paver hardscaping, electrical connections for exterior lighting, hook-up for a TV and outdoor refrigerator, two storage sheds, an axe-throwing target, and a fully fenced backyard with a new fence installed in 2021.*** Inside, the home combines timeless character with thoughtful updates. Hardwood flooring spans the main level, complemented by crown molding, wainscoting, and fresh paint throughout much of the home. The formal dining room features a charming built-in butler's bar area, while the updated kitchen offers space for a breakfast table and direct access to the deck for seamless indoor-outdoor living. Separate living and family rooms provide flexible living spaces, including a cozy wood-burning fireplace.*** The upper level features four spacious bedrooms and three full bathrooms, including a beautifully renovated primary bath completed in 2026.*** Other major improvements provide a peace of mind, include a new roof (2022), water heater (2022), HVAC (2017), garage doors and openers (2018), "Level 2" outlet in the garage, lifetime warranty tilt-clean windows, Trex decking, and extensive landscaping improvements completed in 2019.*** Located in the highly sought-after Newington Forest community and served by Newington Forest Elementary, South County Middle School, and South County High School, residents enjoy access to miles of wooded trails, community amenities, nearby parks, and convenient access to South Run RECenter, Burke Lake Park, Lake Mercer, Springfield Town Center, Fort Belvoir, the Pentagon commuter routes, Fairfax County Parkway, I-95, VRE, and Franconia-Springfield Metro. Enjoy the perfect balance of privacy, nature, and convenience in one of Springfield's most beloved communities.
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.
