11519 Wild Hawthorn Ct, Reston, VA 20194
3 beds · 4 baths · 2,090 sqft
Open Houses are cancelled. Home is under contract. WOW!!! You won't want to miss this renovated townhome which is move-in ready and shows like a model! Discover this exceptional brick-front townhome in North Reston, a true rarity in a premier end-unit location. This remarkable home, featuring the coveted Kentwell model, offers approximately 2,090 square feet across three beautifully finished levels. Nestled amidst lush trees and backing onto a common area, it ensures privacy and provides ample parking convenience right in front of the home. Step inside to a grand two-story foyer and an open floor plan, perfect for both relaxation and entertainment. The home is elegantly updated with new light hardwood floors, a newly renovated kitchen featuring white cabinetry, stainless steel appliances, white quartz countertops, and a chic subway tile backsplash. The updated bathrooms, fresh paint, new carpet, and a cozy gas fireplace add to the home's modern charm. The spacious deck offers a tranquil view, while the light-filled walk-up lower level provides additional living space. The updated primary suite is a haven of comfort, boasting vaulted ceilings, a new spectacular chandelier, a custom walk-in closet, and a luxurious bathroom with a tiled glass-enclosed shower, separate soaking tub, dual sink vanity, and more. Additional conveniences include a 1-car garage, driveway, and extra community parking. The HOA maintains the lush landscaping and common areas, enhancing privacy and peace. Plus, enjoy a quick commute to shopping, dining, Reston Town Center, major roads, Dulles Airport, and the Silver Line Metro. Don't miss this fantastic opportunity to own a stunning home in one of Reston's most desirable communities! Seller reserves the right to accept an offer at anytime.
Source: BRIGHT #VAFX2230120
Source: BRIGHT #VAFX2230120
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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 of Equal Opportunity Act.