18030 Stump St, Dumfries, VA 22026
6 beds · 5 baths · 5,722 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this stunning home nestled on a private, dead-end street in the highly sought-after Potomac Shores community. Boasting over 5,700 finished square feet of living space, this spacious home features the expansive Kensington floor plan, with six bedrooms and four and a half baths – ideal for large families or those who love to entertain. The main level offers an open-concept design with a formal living room and dining room, plus a guest en-suite for added convenience. The gourmet kitchen is a chef’s dream, complete with a large center island, quartz countertops, stainless steel appliances, a walk-in pantry, and a butler’s pantry leading to the dining room. The family room, with its striking stone fireplace, is perfect for gathering while the sunroom offers access to a large deck with stairs down to the rear yard. The mud room is amazing with shelving, a bench and closet. Upstairs, you’ll find generously sized bedrooms, each with a walk-in closet. The luxurious owner’s suite features two walk-in closets, a spacious sitting room with beautiful sunset views, and an en-suite bath with a soaking tub, separate shower, and dual sinks. A spacious laundry room with front load washers and a wash tub is conveniently located on the upper level. The fully finished basement is over 1,980 square feet of versatile space, including a media room with theater setup and screen, a recreation room, an additional bedroom, a full bath, and a large storage room with direct access to the backyard. Located in Potomac Shores, this community offers resort-style living at its finest, with amenities including a Jack Nicklaus-designed golf course, the Shores Club recreation center, a massive pool complex, nature trails, and sporting courts for basketball, tennis, and pickleball. The community offers access to all these incredible amenities, plus social events, internet, and more. Potomac Shores Middle School and Covington Harper Elementary are both walking distance and located within the community. The future Potomac Shores VRE Station and town center will add even more convenience. This home is truly a rare find in an unbeatable location. Don't miss the chance to make it yours!
Source: BRIGHT #VAPW2091808
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAPW2091808
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.