2.25% ---- ASSUMABLE----- VA---- MORTGAGE----(Yes, I have a lender for the gap!) Welcome to Your Dream Home in Windsor Forest, the Heart of Stafford, Virginia. You do not want to miss this amazing opportunity to be in this highly sought after neighborhood. Nestled in the vibrant community of Windsor Forest, with easy access to I-95 makes commuting to work or exploring nearby cities easy. It can also be said that families will benefit from the proximity to well-regarded schools. This spacious 4-bedroom,3-and-a-half bath home sits on an almost 3-acre lot. This exceptional property combines elegant design, functional features and unparalleled comfort. From the moment you are about to set foot into your new home, you will enter through an eloquent stylish door which will bring you into a home filled with love. You will notice the thoughtful design and upgraded finishes throughout. The main level features refinished hardwood floors, elegant balusters on the staircase, a formal dining room with crown moldings, a beautiful living room with windows throughout the room, allowing one to see the beauty of nature outside and a family room with a stone fireplace. Stepping out of the family room will bring you into a modern, impressive and stylish kitchen, designed not just for cooking, but for connecting. With granite countertops, double ovens, an oversized island plus a breakfast bar with seating for four, making it functional as it is beautiful. Expansive cabinetry and a pantry provide ample storage for everything from daily essentials to special occasion needs. An elegant, designed backsplash is also worth mentioning. The main level also has an office area. The second level brings us to the upper level which has the master bedroom with dual sinks, its own private water closet, a standing shower, and walk-in closet with spacious storage room. There are also three additional bedrooms and a bathroom on this floor. Going downstairs, you will be in a finished, open concept-designed walkout basement which has a kitchenette with sink and enough flex space to be used for an additional family room or space to accommodate game-day and holiday gatherings. The patio leads into a spacious backyard, that brings you into the world of nature. Not to forget, this home features a two-car garage, a large driveway and plenty of street parking to accommodate your guests. Schedule your private tour today and immerse yourself in the true essence of home.
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.
