1060 Gardenview Loop Apt 204 # 204, Woodbridge, VA 22191
2 beds · 2 baths · 941 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to Summerhouse! This bright and airy first floor garden-style condo is the picture of modern elegance with an abundance of recent contemporary updates! Sleek new luxury vinyl plank flooring (2025) greets you at the front door and leads you into the bright updated kitchen. Here you’ll find abundant refinished cabinets and gleaming granite countertops (2025), plus a brand new stove and dishwasher (2025). The peninsula bar opens the kitchen into the elegant dining room and light-filled living room, both featuring sophisticated crown and chair rail molding. With this open concept floorplan, your new home is ideal for entertaining family and friends. On one side of the living room you’ll discover the primary bedroom suite, boasting new plush carpeting (2025) a large walk-in closet with a custom closet system, and a tasteful en suite bathroom with a new vanity (2025) and modern fixtures. On the other side of the home, the second bedroom includes its own private bathroom, soft carpeted flooring, and a wide closet. In-unit laundry with newer washing machine (2023) and dryer (2020) is provided for your convenience. From the living room, step outside onto your covered patio to enjoy your morning coffee or get a breath of fresh air! Major system updates include all new windows and sliding door (2023) and a new water heater (2023) for greater peace of mind. Conveniently located just minutes to Wegmans, Target, Walmart, Potomac Mills, Stonebridge at Potomac Town Center, Alamo Drafthouse Cinema, Sentara Health Center, Neabsco Regional Park, and Historic Occoquan. Quick access to I-95 Express Lanes, Route 1, Prince William Parkway, Gordon Boulevard, Minnieville Road, and Telegraph Road for easy commuting. Schedule a private tour of your beautiful new home today!
Source: BRIGHT #VAPW2088590
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAPW2088590
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.