Welcome to 9030 Chestnut Ridge Road in Fairfax Station! An exceptional opportunity to own a beautifully updated home in the highly sought-after desired Crosspointe community. Offering over $200,000 in recent improvements, this move-in-ready home perfectly combines timeless elegance, modern upgrades, and an unbeatable location. This light-filled home features 4 spacious bedrooms, playroom or formal dining area, and specious living room. The open main level with two-story open living room providing outstanding flexibility for today’s lifestyle. The open floor plan showcases soaring ceilings, beautiful hardwood flooring throughout, recessed lighting, fresh 2026 designer paint, and abundant natural light. The updated kitchen is designed for both everyday living and entertaining, featuring granite countertops and, premium stainless steel appliances, a breakfast nook, and generous prep and gathering space. The luxurious owner’s suite includes a custom-designed closet, while the beautifully renovated bathrooms (2024) offer stylish finishes throughout. The remodeled staircase (2024) creates a stunning first impression, and numerous additional updates provide true peace of mind, including a new HVAC (2020), replacement windows (2020), roof (2018), water heater (2018), all new appliances, faucets, fixtures, newly designed staircase. Step outside to your own private retreat featuring a fully fenced backyard surrounded by mature landscaping. Professionally maintained grounds create exceptional curb appeal and make outdoor living both beautiful and effortless. The location is simply outstanding. Enjoy a short walk to Lake Mercer, along with access to scenic walking, biking, and jogging trails, basketball courts, playgrounds, and optional membership to two nearby community pools. Located within the highly desirable Silverbrook Elementary and South County Middle & High School pyramid, schools are approximately one mile away. Commuters will appreciate the incredible convenience with quick access to Fairfax County Parkway, I-95, Route 1, Springfield–Franconia Metro, VRE, commuter lots, bus routes, the Pentagon (approximately 25 minutes), Washington, DC (approximately 25 minutes), and Fort Belvoir (approximately 16 minutes). Shopping, dining, parks, and everyday conveniences are all just minutes away. This is a rare opportunity to own a meticulously maintained, extensively updated home in one of Fairfax Station’s most desirable neighborhoods. Combining exceptional value, outstanding schools, incredible commuter convenience, and resort-style community amenities, 9030 Chestnut Ridge Road is truly a place you’ll be proud to call home.
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.
