11786 Alexander Hays Rd, Bristow, VA 20136
4 beds · 4 baths · 4,008 sqft
Beautiful brick colonial in the coveted New Bristow Village, boasting 4,000 finished square feet of living space on three finished levels and updates throughout! This stunning home features a stately exterior, 2-car rear loading garage, brick walkways and patio, open floor plan, high ceilings, gleaming hardwood flooring, fresh new neutral paint, decorative moldings, and an abundance of windows. ****** Rich hardwood flooring greets you in two story foyer and transitions to plush new carpet in the living room where windows on two walls fill the space with light illuminating fresh neutral designer paint and crisp crown molding. Decorative columns introduce the formal dining room that echoes these details as chair rail and a glass shaded chandelier add refined style. The open kitchen is equipped with a high-end Kitchen Aid stainless steel appliance package, custom real wood 42" cabinets, and a massive center island with bar seating. The breakfast area is ideal for daily dining and has a glass door with built-in blinds leading to the large brick patio and rear yard, perfect for outdoor dining and entertaining. Back inside, the family room with walls of windows invites you to relax in front of a cozy gas fireplace. A private office, remodeled half bath with comfort height vanity, and laundry room with maple cabinets, utility sink, and access to the garage with epoxy floors and ample storage (black storage rack on the right side of the garage ceiling conveys) round out the main level. ****** Upstairs, the primary suite boasts a tray ceiling with a lighted ceiling fan, plush new carpet, luxury bath with his-and-her vanities, a soaking tub, and a spa toned-tiled shower, and two walk-in closets. Three additional bedrooms, each with new carpeting and lighted ceiling fans, share the hall bath with a dual sink vanity and tub/shower. ****** The fully finished walk-up lower level includes an expansive multi-area recreation room with plenty of space for games, media, and gathering with family and friends. An additional full bath, and a huge unfinished area—perfect for storage, a potential exercise or movie room, or a non-conforming 5th bedroom/den. Additionally, there is an extra storage closet, craft area, or mini-bar space, and a walk-up exit to the rear yard. ****** Recent updates include: new paint and carpeting, a newer AC unit on the upper level, digital thermostats, ceiling fans throughout, and ample storage—including under the stairs and in the basement storage room. A large TV in the basement conveys. ****** All this in a lovely community with amenities such as an outdoor pool, clubhouse, jog/walking paths, basketball and tennis courts, playground and more. Commuters will appreciate the easy access to major routes, and everyone will appreciate the abundance of shopping, dining, and entertainment choices nearby, golf, parklands, wineries, and so much more! This home is move-in ready, and offers exceptional style, comfort, functionality, and upgrades throughout!
Source: BRIGHT #VAPW2089194
Financials
Source: BRIGHT #VAPW2089194
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.
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