12039 Elliots Oak Pl, Bristow, VA 20136
4 beds · 4 baths · 2,046 sqft
This beautifully maintained, move-in-ready home is in the desirable Saybrooke community. It features four bedrooms, three and a half bathrooms, and two laundry rooms—one conveniently situated on the main level and the other in the basement. As you enter, you'll be greeted by a foyer with high ceilings allowing plenty of natural light. The open and spacious family room flows effortlessly into the kitchen, which boasts ample storage, stainless steel appliances, an elegant backsplash, and stylish granite countertops. The generously sized deck outside is ideal for entertaining guests. With nearly 2,046 square feet spread over three finished levels, this residence is adorned with beautiful hardwood flooring. The upper level includes the primary bedroom, accented by vaulted ceilings, and an en-suite bathroom featuring a double sink vanity, soaking tub, separate shower, walk-in closet, and two additional bedrooms. The walk-out lower-level basement has another bedroom, a full bathroom, and a wet bar, making it a great space for an in-law suite or potential rental income. The backyard is fully fenced, and the property includes two designated parking spaces and plenty of visitor parking. Conveniently located near the Virginia Railway Express, this home has various dining options and shopping venues. Additionally, it is part of a homeowners' association that provides access to amenities like an outdoor swimming pool and tennis courts. The area is served by excellent schools, making it a perfect fit for families.
Source: BRIGHT #VAPW2091646
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If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAPW2091646
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.
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.
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.
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.
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.
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.
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.