12208 Kyler Ln, Herndon, VA 20171
5 beds · 5 baths · 5,550 sqft
SPECTACULAR totally updated Pulte Hampton 5 on 2/3 of an acre in leafy Oak Hill. Almost 6500 square feet of thoroughly renovated and manicured space, including a three-car garage. The main level is drenched in sunlight from plentiful windows and soaring two-story foyer and great room. The massive kitchen, the heart of the home, is awe-inspiring and wide open to both the great room and a glorious sprawling sunroom, which overlooks the large rear yard. The two-story entrance foyer is flanked by two large formal rooms, the dining room with dentil molding and a generously sized formal living room. Discreetly placed in the rear corner of the main level is the office, ideal for working from home or late-night studying for exams. Four bedrooms and three baths are located upstairs and a fifth bedroom with full bath is on the lower level. The primary suite is expansive and enjoys an enormous walk-in closet as well as a stylishly renovated bath with free-standing tub and seamless glass shower. One other bedroom also enjoys its own bath ensuite, while two others share a buddy bath. The sprawling lower level offers enormous space, to include a large rec room, a game room, the fifth bedroom and full tub bath. This level enjoys walk-up access to the rear yard. The leafy community of Dartmoor Woods is highly sought after, with its proximity to Reston as well as downtown Fairfax. Ten minutes to plentiful shopping and entertainment venues. The school pyramid is unequalled, Navy Elementary, Franklin Middle and Oakton High. ... UPDATES INCLUDE: Upper level AC 2016; Hardwood floors on the entire second floor - 2018; Kitchen updated 2022; All bathrooms updated 2023; Main level furnace 2023.
Source: BRIGHT #VAFX2226418
Financials
Source: Public records
Source: BRIGHT #VAFX2226418
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.
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 “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.