12662 Valleywood Dr, Woodbridge, VA 22192
4 beds · 3 baths · 2,010 sqft
The first thing you notice about this home is how pretty it is. The siding, the roof, the storm door, and the front door have all been replaced. Step inside, and you’ll see how bright, shiny, and inviting this home is. It has an open floor plan, new porcelain flooring, and engineered hardwood flooring on the main level. The kitchen was remodeled. They installed recessed lighting, soft-closing cabinets, and granite countertops; all kitchen appliances are brand new. You’ll love the induction oven. All the bathrooms have been remodeled. Upstairs boasts four bedrooms and two full baths. The Owner’s suite has a full bath and dual closets. The finished basement has a large recreation room and a utility room. The backyard features a 17’ x 12’ composite deck and a large shed on a concrete slab. The entire backyard is fenced and backs to open space. As a bonus, the existing 2.75% VA mortgage balance may be assumable with the substitution of VA eligibility. The Lake Ridge community boasts many amenities, including five outdoor pools, basketball and tennis courts, picnic areas, and a boat launch, to name a few. It is conveniently located just minutes from Giant, Wegmans, Harris Teeter, Downtown Occoquan, Stonebridge at Potomac Town Center, Potomac Mills Mall, and many Regional Parks, with easy access to shopping and dining. There are many commuting options with quick access to VRE Woodbridge Station, Prince William Parkway, Minnieville Road, and the I-95 Express Lanes. Enjoy the perfect blend of convenience and leisure in this centrally located neighborhood.
Source: BRIGHT #VAPW2091228
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAPW2091228
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.