6904 Compton Ln
Centreville, VA 20121
4 beds · 4 baths · 2,035 sqft
$570,000
Get prequalified6904 Compton Ln
Centreville, VA 20121
4 beds · 4 baths · 2,035 sqft
$570,000
Get prequalifiedHUGE PRICE REDUCTION! WELCOME to your new Home! Experience the charm of this townhome conveniently located in Centreville. This beautifully renovated townhome boasts a fully updated interior, featuring an updated kitchen with stainless steel appliances, tons of cabinets, granite counters, opens to an oversized deck ideal for entertaining and enjoying these gorgeous summer evenings That Are on the way! The main floor also includes a separate dining room, spacious living room, and a powder room. The light fixtures in the kitchen, dining room, and stairs were selected carefully to complement the home's interior color and finished palette, creating a warm and inviting ambiance. Additionally, recessed lighting throughout the home adds a modern touch and enhances the overall atmosphere. The basement level offers a bonus room ideal for a home office, guess room and a Family & Friends entertainment room. Step outside to the beautiful backyard patio, perfect for relaxing and unwinding with friends and family. On the third floor, you'll find a spacious master bedroom with an ensuite bathroom with double vanity and a large walk-in closet, along with an additional two bedrooms with a full bathroom. This property exudes a delightful ambiance with hardwood floors on main floor. This property is a commuter's dream, ideally situated near I-66, Route 29, Route 28, Fair Oaks Mall, Metro bus routes, shopping center and restaurants. Park in space #61
Source: BRIGHT #VAFX2242384
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.