482 Virginia Ave
Herndon, VA 20170
4 beds · 4 baths · 1,750 sqft
$495,000
Get prequalifiedAbout this home
Rarely available Waterford Park townhouse ready for summer move in! Check off every box with this 1,750 square foot, 3 level, 4 bedroom, 3.5 bathroom home that backs to trees. The main level features hardwood flooring, bright family room and spacious kitchen with ample cabinets and countertop space that still has room for a large table. The deck is accessed off the kitchen and overlooks common area. Upstairs you will find the primary bedroom with a soaring, cathedral ceiling and attached bathroom featuring a separate shower and bathtub. Two more bedrooms and second full bath complete this level. The fourth bedroom and third full bathroom are in the bright and well-lit basement. This level also includes a versatile bonus room great for a home office or recreation area and laundry space. Ideally located, 482 Virginia Ave is minutes to shopping and dining, 1 mile to the Herndon Metro Station, under 6 miles to the Dulles International Airport, 2.5 miles to the Reston Town Center and 1.1 miles to the Worldgate Center that features an AMC theater, restaurants and gym. Bruin Park, a neighborhood park and playground, is adjacent to the community. A trail behind the house takes you to the center of the park in 2 minutes where you will find a playground, tennis courts, picnic shelter, basketball court, trails and more. Close proximity to major commuter routes such as the Dulles Toll Road, Fairfax County Parkway and Route 28 make going back to the office more tolerable. Enjoy the small town feel of Herndon with a vibrant downtown boasting local owned restaurants, a seasonal farmer's market on Thursdays and free Friday night outdoor concerts May through August on the Town Green. This excellent opportunity won't last long!
Source: BRIGHT #VAFX2249926
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FAQs
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.
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Herndon, VA 20170
4 beds · 4 baths · 1,750 sqft