114 Nassau Dr, Winchester, VA 22602
4 beds · 4 baths · 2,923 sqft
Discover Your Dream Home on Nassau Drive. Welcome to this stunning Colonial home, nestled on a beautifully landscaped, lot within the highly sought-after Fieldstone community. Conveniently located just off Route 7, this spacious property offers the perfect blend of commuter-friendly access and the privacy and tranquility of a large, fully fenced backyard. This impressive home features four bedrooms and 3.5 bathrooms, designed with comfort and functionality in mind. The main level boasts an open-concept kitchen and living room, complete with granite countertops, stainless steel appliances, a center island, pantry, dining area, and an inviting electric fireplace. The bright and airy living room is enhanced by elegant windows that flood the space with natural light, while the dedicated study provides a perfect work-from-home setup. Upstairs, the expansive primary suite offers a large walk-in closet and a luxurious ensuite bathroom, creating a true retreat. The generously sized secondary bedrooms each feature ample closet space. This home has undergone an extensive $350,000 renovation in recent years, ensuring peace of mind for years to come. Major updates include a new roof, new HVAC system, new water heater, new vinyl siding, upgraded insulation, in-ground sprinkler system and a whole-house generator. Outdoor living shines in this property’s backyard oasis, featuring a Trex deck with illuminated posts, a brick patio, and a custom fire/smoke pit—perfect for summertime gatherings. The fully finished basement adds even more value and versatility, offering a full bathroom, flexible bonus room ideal for guests or a home gym, a wet bar, gaming area, and multiple recreation spaces—truly an entertainer’s dream. Located close to restaurants, shopping, and major commuter routes including Route 7 and I-81, this home offers the best of both worlds: convenience and serenity. With its ideal location, modern updates, and incredible amenities, this move-in ready home is prepared to welcome you. Schedule your private tour today!
Source: BRIGHT #VAFV2024740
Financials
Source: BRIGHT #VAFV2024740
Source: Public records
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.