15750 Chimney Rock Ter
Woodbridge, VA 22193
5 beds · 4 baths · 3,797 sqft
$849,900
Get prequalified15750 Chimney Rock Ter
Woodbridge, VA 22193
5 beds · 4 baths · 3,797 sqft
$849,900
Get prequalifiedGorgeous brick-faced colonial sitting happily in a cul-de-sac of Ashland neighborhood. Enjoy the pleasantries of having neighbors while keeping the relaxation of a tranquil nature backdrop. This 5 bedroom 3.5 bathroom home offers so much space and light. The two-story family room has a stunning amount of windows to give you that beautiful natural light. Entertain inside, and out, with the large kitchen and deck. Formal living and dining rooms at the front are open, allowing the spaces to be used in the way that best suits you. The first floor flex room can be a bedroom, playroom, office, craft room or whatever else you need. The finished basement has a great layout for entertainment, family gatherings, and so much more. The master bedroom contains a large sitting area section with perfect window placement. Not only does this home have so much to offer, but you get to take advantage of all the recent work that has been done. All new window treatments, new hardware, kitchen remodel, bathroom remodels, new attic fans, hardwood floor refinishing, new paint, and much much more. Schedule your showing now and don't miss out on this breathtaking home! (Seller says after appraisal measurements, the total square footage is closer to 4179)
Source: BRIGHT #VAPW2098426
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.