Welcome home to this beautifully situated property in the highly desirable Park Ridge – The Colonies neighborhood! Located at 5 Appling Road in Stafford, VA, this home offers the perfect blend of convenience, comfort, and privacy. Featuring brick front, 2 car garage,main living floor has it all! Two story foyer, formal dining room, living room, office, large gourmet kitchen with eating breakfast nook, pantry, kitchen island, granite countertops, laundry room with utility sink and separate pantry, a two story great room with floor to ceiling brick fireplace. The upper level with open landing to the main floor, 4 spacious bedrooms with ample closet space, updated full hallway bathroom, primary suite with a generous sized walk in closet that is adjacent to a spectacular primary bathroom completely renovated into a stunning relaxing spa like bath! The lower level will wow you with a huge recreation room,full bathroom, kitchenette bar with full refrigerator, microwave, stove top and sink! This walk out basement leads you to a brick patio and a large fully fence rear yard featuring mature trees for privacy and peaceful enjoyment! ✨ Prime Location Minutes to I-95 – ideal for commuters Close to Quantico Marine Base and the FBI Academy Nearby shopping centers, restaurants, and everyday conveniences Short drive to local hospitals and healthcare facilities 🌳 Private, Peaceful Setting Backs to mature trees for added privacy Enjoy serene views and a natural backdrop Perfect for relaxing evenings or entertaining outdoors 🏠 Why You’ll Love It Located in one of Stafford’s most sought-after communities Established neighborhood with charm and curb appeal Easy access to major employers, commuter routes, and amenities A rare combination of convenience and tranquility Whether you're commuting to Northern Virginia or seeking a peaceful retreat close to everything, this home checks all the boxes. 📍 Don’t miss your opportunity to own in Park Ridge – The Colonies. Schedule your showing today!
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.
