Welcome to Woodland Park! Discover contemporary living at its finest in this beautifully designed two-level modern townhome. Located minutes away from the metro, Harris Tetter and shopping. This stunning 3 bedroom 2.5 bath townhome build in 2020, features an modern exterior, striking curb appeal and large windows which invite natural light throughout the open-concept layout. Features include wide plank floors throughout the main level and staircase to access to the upstairs. The main level has state-of-the-art kitchen complete with quartz countertops, stainless steel appliances, a central island, and ample storage. Also, on the main level you will find a large living and dining room area, half-bath, plenty of storage/closet space and direct access to the garage. The oversized garage also has additional storage for your needs. As you move upstairs, you will find the large primary suite which includes a walk-in closet and a private bathroom with dual vanities and a luxurious walk-in shower. Two additional nice sized bedrooms offer flexibility for guest rooms, home offices with an additional full modern bathroom that features dual vanities with granite countertops and stylish tile. Enjoy outdoor living with a private balcony, ideal for morning coffee or just an evening of relaxation. This exquisite home offers the perfect combination of style, convenience, and comfort at a modest price. It is move-in ready and waiting to welcome you home! It is centrally located less than one mile from the Herndon Metro Rail Station and only a few short minutes from major routes including 267, Rt 28, and 286. Nestled in an amazing location, and with just a quick walk to the Herndon Metro Station. Also, just two blocks to the Harris Teeter at Woodland Park Crossing Shopping Center. In addition, just minutes away from Dulles, Reston, and Tyson's Corner, which offers endless opportunities for entertainment, shopping and dining. Very few homes go on the market in Woodland Park so don't miss out on this opportunity.
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.
