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124 Potomac Ct, Colonial Beach, VA 22443
3 beds · 2 baths · 1,394 sqft
***Fantastic opportunity with a couple different options to choose from. To start the price has been raised in order to include the payoff of the solar panels installed on the home. So you'll get these nearly brand new panels payment free, meaning all you have to do from there is sit back and enjoy the savings on your monthly energy bills (sellers have already had a few electric bills that were $0.00 for those months). Then you have option 2, which is that the sellers are willing to lower the price all the way down to $310,000, however, the remaining balance of the solar panels will then need to be assumed by the new home owner (current monthly payments are $312/month).*** Beautiful, modern rancher, situated in the heart of Colonial Beach and for such a fantastic price!!! Come home after a long day and unwind with everything this fabulous residence has to offer. Whether you're cooking up a delicious meal in the kitchen on the ample counterspace and stainless-steel appliances, kicking back in the open family room next to the fireplace to watch a fun TV show, or maybe even working on a personal project out in the attached 2-car garage, there is just no shortage of features to love. We also can't forget to mention the location itself, which is absolutely spectacular. Along with being on an oversized corner lot complete with a fully fenced backyard, you're really only a short walk away from the nearby beaches as well as all manner of shopping, restaurants, and entertainment right there in town, and with Dahlgren being just 15 minutes away too, going any which way is truly a breeze. With all of this and so much more, we'd love to have you stop by today to take a look for yourself! Can't wait to see you there!!!
Source: BRIGHT #VAWE2008850
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 #VAWE2008850
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.
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.
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