122 Barbara Ann Dr, Stafford, VA 22554
5 beds · 3 baths · 3,108 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this beautiful 5 bedroom, 3 bath home; situated on a cul-de-sac that backs to a wooded area. Upon entering, you are greeted by an inviting entry foyer and beautiful hardwood flooring throughout the family room, kitchen and dining space; providing a touch of elegance. The kitchen features a unique custom island, Quartz countertops and ample custom cabinetry that carries into the pantry area. The main level features a beautiful primary en-suite with walk in closet and full bathroom. Additionally, there are 2 nice sized bedrooms on the main level, with an additional full bathroom in the hallway. Completing the main level living is the laundry room, complete with additional cabinetry for added storage convenience. The lower level is completely finished, it offers additional living space with bonus features to include a gathering area complimented by a cooking area that has a cooktop, cabinetry and sink. There are 2 large bedrooms and a full bathroom. Additionally, there is ample remaining space for a home office, gym or leisure area of your choosing. Once you step outside you are greeted with a huge deck with accessibility from the main and bottom level. You can enjoy the options of a screened space area, as well as separate open deck space for gatherings. The home was recently insulated with R17, and features a newer hvac, roof, and attic insulation. It offers a beautiful, landscaped front and back yard. The home also features professional grade window treatments. There is a one car garage and a large driveway with the option to park several additional vehicles. Enjoy the convenience of being a short driving distance from Quantico, commuter lots, parks and shopping in the area. The possibilities are endless!!!
Source: BRIGHT #VAST2033062
Source: BRIGHT #VAST2033062
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 and Equal Opportunity Act.