*More photos coming this Friday* $50,000 IN RECENT RENOVATIONS! This beautifully updated 3-bedroom, 2 full bath, 2 half bath townhouse is truly move-in ready, showcasing extensive upgrades throughout. Major improvements include brand-new kitchen appliances, fresh paint throughout, new carpeting, and stunning bathroom renovations. Both full bathrooms have been completely gutted and renovated from top to bottom, while the two half bathrooms have also been tastefully updated, offering modern style and peace of mind for years to come. Nestled in the highly sought-after Danbury Forest community, this home offers the perfect combination of comfort, space, and convenience. Enjoy easy access to I-495, Audrey Moore Recreation Center, Northern Virginia Community College, shopping, dining, major commuter routes, and scenic Lake Accotink trails accessible from a neighborhood path just steps away. Step inside to discover gleaming hardwood floors throughout the main level, creating a warm and inviting atmosphere. The spacious kitchen is designed for both everyday living and entertaining, featuring granite countertops, brand-new stainless steel appliances, recessed lighting, and a center island with cooktop and additional storage. Adjacent to the kitchen, the generous breakfast/dining area offers extra cabinetry, built-in desk space, and ample room for gatherings. The expansive family room provides exceptional flexibility for both living and dining arrangements and opens directly to the deck overlooking the private backyard and peaceful wooded setting beyond. A beautifully updated powder room and Nest thermostat complete the main level. Upstairs, the primary suite features plush new carpeting, a large walk-in closet, and a fully renovated en-suite bathroom. Two additional generously sized bedrooms and another completely remodeled full bath provide comfortable accommodations for family and guests. The walk-out lower level expands the living space even further with a spacious recreation room featuring LVP flooring and a cozy fireplace—perfect for movie nights, game days, or relaxing at home. This level also includes a versatile den or home office, an updated half bathroom, and a laundry room with utility sink and abundant storage. Outside, enjoy a large fully fenced backyard, two separate decks, and peaceful views of mature trees and the creek beyond. A flat yard and storage shed complete this exceptional outdoor retreat. With approximately $50,000 in recent improvements, four updated bathrooms, versatile living spaces, and an unbeatable Northern Virginia location, this turnkey home offers an outstanding opportunity. Welcome home!
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.
