15591 Traverser Ct, Woodbridge, VA 22193
3 beds · 4 baths · 1,992 sqft
Get ready to fall in love with this beautiful 3-level townhouse featuring 3 bedrooms, 3.5 bathrooms, and a thoughtfully designed layout. The home boasts plush carpet and ceramic floors, a renovated kitchen with sleek stainless steel appliances, modern cabinetry, and a spacious layout perfect for any home chef. It has been freshly painted and updated with new light fixtures throughout. With two dedicated parking spots right in front (#15591), convenience is at your doorstep. Step outside to enjoy the spacious, brand new deck and lovely patio area, ideal for relaxing or entertaining. Whether you're hosting family gatherings or simply enjoying a quiet evening, this outdoor space has something for everyone. Conveniently located near Stonebridge at Potomac Town Center, Potomac Mills Outlet, and more, this home offers endless shopping, dining, and entertainment options. Commuting is a breeze with easy access to major roads and highways. Don’t miss out on this rare find in a prime location! Professional photos will be uploaded soon, but trust us, this gem won’t last long. Act fast and make it yours today! Please note that there has been a slight delay in completing the patio area due to the county's final inspection of the deck. We sincerely apologize for any inconvenience this may cause. As soon as the final inspection is completed, the patio will be finished with gravel stone decorations and beautiful stone slab accents, creating a stunning outdoor space. It’s going to look amazing once completed! Thank you for your understanding, and please reach out if you have any questions.
Source: BRIGHT #VAPW2088966
Source: BRIGHT #VAPW2088966
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.