*PRICED BELOW TAX ASSESSMENT* Perfectly positioned for those who value both convenience and connection to nature, this home offers an exceptional lifestyle in one of the area’s most uniquely accessible locations. Backing to a peaceful creek flowing into Pohick Bay, the setting provides a rare sense of privacy and tranquility while remaining just minutes from everyday conveniences, commuting options, recreation, and community amenities. Thoughtfully updated and exceptionally maintained, the home features numerous recent improvements including a completely renovated lower level with luxury vinyl plank flooring, an added full bath, and additional closet space — creating an ideal guest suite, recreation area, or flexible living space. Additional upgrades include fresh interior paint, updated light fixtures, a new front door, new blinds, a recently added kitchen island, and meticulous ongoing maintenance throughout ownership. Major system updates provide peace of mind, including a newer HVAC system (approximately 4 years old), hot water heater (approximately 5 years old), roof and insulation (approximately 6 years old), along with regular duct cleaning maintenance. Additional recent appliance updates include a newer dishwasher and washing machine. Outdoor enthusiasts will love the close proximity to Pohick Bay Regional Park featuring a waterpark, camping, marina access, putt-putt golf, scenic hiking trails, and endless opportunities to enjoy the outdoors. Occoquan Regional Park is also just minutes away and offers a boat ramp, waterfront dining, walking trails, and a beautiful event venue overlooking the river. Mason Neck State Park, George Mason’s Gunston Hall, and George Washington’s Mount Vernon are all nearby, adding to the area’s rich history and natural beauty. Commuters will appreciate the easy access to the VRE along with a convenient drive to Ronald Reagan Washington National Airport, approximately 30 minutes away. Historic Occoquan is just a few miles from the home, offering charming waterfront dining, boutique shopping, seasonal events, and one of Northern Virginia’s most beloved small-town atmospheres. The neighborhood itself offers an incredible convenience factor with multiple playgrounds within walking distance, nearby gyms, horse stables, and highly regarded golf courses including Laurel Hill Golf Club. Directly across the street are baseball and softball fields utilized by the South County Athletic Association, creating an active and vibrant community atmosphere. The home is also adjacent to the newer Lorton Library and Community Center, home to the Lorton Community Action Center, a cornerstone of local volunteerism and community outreach. A variety of popular restaurants, shopping, shipping services, and daily essentials are all just minutes away, making everyday living remarkably easy. This is the kind of location buyers wait for — where nature, recreation, community, charm, and convenience all come together in a setting that is increasingly difficult to find.
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.
