10231 Fountain Cir, Manassas, VA 20110
3 beds · 4 baths · 2,844 sqft
Stunning Fully Renovated 3-Bedroom, 3.5-Bathroom Home with Energy Efficiency & Prime Location Welcome to this gorgeous, fully renovated 3-bedroom, 3.5-bathroom home that blends modern style with energy efficiency. With a spacious 2-car garage and driveway, this property offers convenience and ample parking space. Designed with attention to detail, this home features several LED recessed lights throughout, creating a bright and welcoming atmosphere. Key Features: Updated Kitchen: Enjoy the brand-new stainless steel cooktop and ventless hood, paired with new cabinets and a breakfast bar. Premium stainless steel appliances and a fresh paint job make this kitchen a chef’s dream. New Flooring: The kitchen, sunroom, eat-in kitchen, and entire basement boast durable LVP flooring, while the laundry room, Jack-and-Jill bathroom, and basement full bathroom feature sleek, new ceramic tiles. Upgraded Bathrooms: Modern vanities and stylish finishes complete the upgraded bathrooms, providing a spa-like experience in the comfort of your own home. New Entry Door: A stunning new entry door with glass allows for natural light and ventilation, welcoming you into this beautiful home. Spacious Living: The carpeted areas, including the living room, formal dining room, and all upstairs bedrooms, feature carpets that are only 3.5 years old. Additionally, accent walls in the living room and master bedroom add a touch of elegance and style. Energy Efficiency: Benefit from energy-efficient features that help reduce utility costs and enhance comfort year-round. Garage Upgrades: The garage boasts new epoxy flooring, offering a clean and durable surface. Fresh Paint: All interior walls and ceilings have been freshly painted, along with baseboards and doors, ensuring a pristine and modern feel throughout the home. Convenience: New toilet paper holders in all bathrooms add to the newly updated, thoughtful details. Outdoor Activities Nearby: Take advantage of several outdoor activities just moments away, including parks and walking trails. Prime Location: Starbucks, retail shops, and a variety of dining options are just around the corner. Plus, easy access to I-495 makes commuting a breeze. This home truly has it all—modern upgrades, energy efficiency, and a location that provides convenience at your doorstep. A must-see!
Source: BRIGHT #VAMN2008082
Financials
Source: Public records
Source: BRIGHT #VAMN2008082
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.
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 “Get Notified” 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 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 committed to and abides by the Fair Housing Act of Equal Opportunity Act.