This rarely available Anthem model boasts an elegant living space with a light filled sunroom, fireplace and gleaming high-end laminate floors. The gourmet kitchen has granite counter tops, cherry cabinets and newer appliances and there’s a good size laundry room adjacent. The huge primary suite has plenty of space for a sitting area, a walk-in closet, additional closet, and fabulous spa like bathroom with a double vanity, shower and soaking tub. There’s a large second bedroom and full bathroom. The a/c and water tank both replaced end of 2025, appliances replaced 2020. The unit comes with with 2 assigned parking spaces, and climate-controlled storage unit Spring Hill is a gated 55+ Active Adult Living community. The community’s clubhouse offers an indoor swimming pool, an exercise room, aerobics /yoga room, billiards room, “great room” that can be used for meetings or other activities & a ballroom that can be rented for parties There are also outdoor tennis, pickleball, and bocce courts. There’s even a “Tot Lot” for when the grandkids visit. The community has a full activity program, which includes bridge, bunco, mah-jongg, poker; and a general game night and monthly pot luck dinners. If that’s not enough to keep you busy Laurel Hill Golf club is right next-door to the community and the Workhouse art center is a six minute drive away. Liberty Market, once part of the old Lorton reformatory, is located just outside the community gates and has a Lidl grocery store, restaurants and other small shops. Great transport links nearby with the I-95 and Amtrak Auto Train about a 6 minute drive away, the Lorton VRE, where you can also catch an Express Bus to NYC, is about 10 minutes away and the Springfield Metro about 20 minutes away. This place really does have it all!
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.
