11 Wendover Ct, Stafford, VA 22554
5 beds · 4 baths · 3,254 sqft
Welcome home! Move in to this beautiful home in a very private section of Park Ridge. Over 3,200 finished sf on three levels. The kitchen has been completely renovated from top to bottom with updated cabinets, granite and stainless appliances. The kitchen is open to eat-in table space with bay window and family room. This part of the house overlooks the amazing backyard that offers trees for privacy, cute bridges and stone pathway, deck and screened-in porch. The screened-in porch provides three-season outdoor living! Back inside is a dining room with chair rail and crown moldings. On the opposite side is another space that can be used as a formal living room, music room, etc. with a two-story, vaulted ceiling and amazing picture window. Upstairs are four nice size bedrooms with great closet space and brand new carpet. The primary ensuite has a walk-in closet and an updated bathroom with dual sinks and shower heads plus vanity, a second linen closet and heated tile floors. The lower level is complete with a large recreation space, 5th bedroom (NTC), full bathroom and bonus room (possible 6th bedroom NTC). The walk-up basement leads up to the fully fenced, backyard oasis. Oversize two-car garage with EV charger. The Colonies of Park Ridge is a very private section nestled in the back of the larger Park Ridge Subdivision with no drive-through traffic. Community amenities include a community pool, playgrounds, basketball courts and soccer fields. The County library and Private Schools are located within this subdivision. It is close to retail, restaurants and commuter lots. You will find it all here!
Source: BRIGHT #VAST2036798
Source: BRIGHT #VAST2036798
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%. 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.
Other resourcesWhat 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.