7521 John S Mosby Hwy, Upperville, VA 20184
3 beds · 2 baths · 2,112 sqft
Hard to find, small property in the middle of horse and hunt country. Charming, well designed log home on 5 private acres between the villages of Middleburg and Upperville. The great room has paneled walls, gleaming hardwood floors, a beamed cathedral ceiling and towering, brick wood burning fireplace. A large dining/eating area overlooking the gardens is at one end of the great room. Main level primary bedroom with hewn beams opens onto stone terrace. Separate study is conveniently located down the hall. Renovated kitchen with beautiful stone counters and stainless appliances adjoins the large great room. Upstairs are two bedrooms and second bathroom. Basement is spacious and ready to be customized to fit your needs. A two car garage is accessed from the side and is below the houme. There is a separate, large glass lined log building with a heated swim spa tucked into the manicured side lawn. The pool building has large glass doors and windows that open to the sky. Two decks and pergola make this a great entertaining area. A separate, oversized, 2 car garage with 10 foot tall glass doors has been recently added within a convenient walking distance from the home. Great space to store and work on cars. The automated glass doors create a dramatic escape. A covered equipment storage area is attached to the garage. All of this is encompassed in a park like setting within an hour of Washington DC and 10 minutes to Middleburg or Upperville. Stay tuned--Professional photos to be added next week.
Source: BRIGHT #VAFQ2016860
Source: BRIGHT #VAFQ2016860
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.
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