1102 Spain Dr, Stafford, VA 22554
4 beds · 3 baths · 2,496 sqft
Move-In Ready, 4BR, 2.5BA, 2 Level Colonial on Level Lot in FIRST Section of Amenity Filled Aquia Harbour! Highlights and Features Include: Living Room & Dining Room w/Ceiling Fans, Ceramic Tile Floors & Fireplaces; HUGE Family Room w/Hardwood Floors, Cathedral Ceilings, Wood Burning Fireplace w/Brick Hearth & Surround, Double Doors to Rear Deck; REMODELED Kitchen with Ceramic Tile Floors, Quartz Counters, Copper Sink, Soft Close Cabinets; HUGE Island w/Quartz Counters & Breakfast Bar, Wine Cooler/ Coffee Bar, Stainless Steel Appliances & Subway Tile Backsplash; Laundry w/Built in Shelving & Conveying Washer & Dryer; Main Level Half Bath w/Vanity w/Storage & Ceramic Tile Floors Complete The Main Level. The Upper Level Features Primary Bedroom w/Hardwood Floors, Walk In Closet, & Ceiling Fan w/Light; Attached Primary Bath w/Vanity w/Storage, Ceramic Tile Floors & Tub/Shower; Bedroom 2, 3, & 4 have Hardwood Floors & Closets; Hall Full Bath 2 w/Luxury Vinyl Plank Floors, Tub/Shower & Vanity w/Storage Complete the Upper Level. Additional Highlights Include Covered Front Porch; NEWLY Painted Exterior; Attached 2 Car Garage w/ A/C & LARGE Driveway; Fully Fenced Rear Yard; SPACIOUS Rear Deck w/Stairs To Grade; Conveying Shed; Vinyl - Double Pane Windows; Electrical panel(2019) w/Option of a Generator Hook up. The Abundant Aquia Harbour Amenities include 24 Hour Manned Front Gate + Residents Only Rear Gate; Two Pools; State Certified Police Force; Fire Dept; Marina w/Boat Ramp & Fishing Pier; Kayak/Canoe Launches; Golf Course w/Pro Shop, Putting Green, Driving Range & the World Famous Clubhouse @ Aquia Harbour Restaurant; Dog Park; Horse Stables, Riding Areas/Trails & Pens; Secure Storage Lot; Community Garden; PreSchool; Fishing Park; 8 Other Parks w/Tot Lots, Tennis & Basketball; Nature Park Like Surroundings with Tons of Wildlife including Deer, Fox & Bald Eagles, Blue Heron & More! Don't Forget About the Community Events including the Independence Day Celebration w/Parade and Fireworks, Oktoberfest, Outdoor Movies and More! ***Rent Back Needed***Any Offer Submissions Prior To and Over the Weekend Need to be Received by Sunday Night 3/30 for Review and Response on Monday 3/31***
Source: BRIGHT #VAST2036920
Source: BRIGHT #VAST2036920
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.