10198 Bens Way, Manassas, VA 20110
4 beds · 4 baths · 4,513 sqft
Open House 29/30 March (12-3PM). Showing-Time Not Activated; Agent Requests Text or Call For Showings. Review PLAT & Renovations/Upgrades in Docs. Please Remove Shoes or Wear Booties. Immaculately Detailed High-Elevation Colonial (North East Facing). Upper-Level w/4-Beds, Sitting RM & 2.5-Baths w/over $82,000 In Recent Upgrades. Located on a Quiet Cul-de-Sac in Sought After Wellington/Cloverfield. Freshly Painted Exterior/Interior, Well Landscaped w/New Shrubs & Fresh Mulch; Creating a Lovely Curb Appeal. Spacious Open Floor Plan w/Seamless Flow: Bright & Sun-Filled Main-Level w/Newer Windows; Main-Level Windows are Triple-Pane & Upper-Level are Double-Pane. Hardwood Flooring On Main-Level & Upper-Level Hardwood Flooring in Hallway, Primary Bedroom Suite, Sitting RM & 2-Bedrooms; 4th Bedroom has New Carpeting/Padding. Spacious 2-Story Foyer is Flanked by Bright Office or Library w/French Doors & Spacious Living/Dining RM. Center Hallway Leads to a Renovated Powder RM w/Vessel Sink & Gourmet Kitchen w/Hardwood Flooring, Center Island Cooktop, Granite Countertops, Ample Cabinetry, Stainless Steel Appliances & Pantry. Sunny Eat-In Kitchen Area Has Large Bay Window Overlooking Rear Yard for Picturesque Dinning; Bringing Outside-In. Separate Bright Formal Dining RM Accented w/Chair Railing/Crown Molding with Access to the Kitchen & Spacious Family RM. Adjacent to Eat-In Kitchen is a Spacious Cozy Family RM w/Cathedral Ceiling, Floor to Ceiling Brick Gas-Fireplace, New Carpeting & Industrial Padding w/Access to Patio & Rear Yard--Excellent Spaces for Family Gatherings & Guest Entertaining. Upper Level has Spacious Primary Bedroom Suite w/Separate Spacious Sitting RM; All w/Hardwood Flooring & Totally Renovated Modern En Suite Bath w/Free Standing Tub, Spacious Walk-In Shower w/Glass Enclosure, Double Vessel Sinks & Ample Center Cabinetry Between Vanities w/Large Walk-In Closet. The 3-Additional Spacious Bedrooms (2-Bedrooms have Hardwood Flooring), and 4TH Bedroom is a Spacious Bedroom w/Sufficient Space for a Sitting or Wall-Office Area w/New Carpeting. Large Finished Walk-Out Lower-Level w/Spacious Recreation RM w/Totally Renovated Full Bathroom, 2ND Office Space & Spacious 5TH Bonus Bedroom Leading to Walk-Up Stairs to Rear Yard. The Flat Lot has .23-Acres w/ Fenced Rear Yard, Extended Brick Patio Area & Spacious (12X14) Newer Gazebo by Yardistry w/Wood Frame, Aluminum Roof, Overhead Fan/Light Set & Spacious (8X12) Newer Lifetime Vinyl Shed w/Interior Shelves. Front-Load 2-Car Garage w/462 SQFT & Overhead Garage Storage & Newer Driveway w/Sufficient Space for 4-Parked Cars & Ample Street Parking. Services provided by the Wellington Community Association include Association’s Recreational Amenities, Common Area Maintenance & Landscaping, Management Services & Special Events. Association Maintains a Management Office in the Community Center for Members & Amenities Include: Pool-Outdoor, Recreation Facility, Basketball Courts, Bike-Trails, Community Center, Jog / Walk Path, Tennis Courts, and Tot Lot / Playground. Please Remove Shoes or Wear Booties Provided.
Source: BRIGHT #VAMN2007816
Source: BRIGHT #VAMN2007816
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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.
How do I qualify for an assumable mortgage?
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 620, 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.
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