704 Bonnie Ridge Dr NE, Leesburg, VA 20176
5 beds · 5 baths · 3,969 sqft
3D Virtual Tour and more photos forthcoming! Look no further! Take advantage of this incredibly rare opportunity to own a stunningly gorgeous 3900+ sf brick home that has been updated, meticulously maintained, and loved by its owners! Located in the highly sought after Potomac Station Community, this 4/possibly 5 bedroom, 4 1/2 bath home, offers multiple living spaces to include formal dining, main level office space, finished basement with a full sized bathroom, wet bar, media area, and more! The gourmet kitchen and attached living spaces, boast gleaming hardwood floors, as well as a gorgeous two sided gas fireplace, inviting countless memories as a favorite meal is prepared or time is spent relaxing with friends and/or family. Don't forget to take note of the beautiful natural lighting throughout, generous spacing in the bedrooms, and incredible bathroom updates, to include what feels like your very own oasis in the primary bed/bath! A huge garage, ample storage space, and a breathtaking lush lawn with wonderful outdoor living space, leaves little to nothing to be desired at this dream home! Located within desirable school districts, seemingly endless shopping, countless amenities, and nearby major commuting routes - this house won't last long!
Source: BRIGHT #VALO2096342
Source: BRIGHT #VALO2096342
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.