165 Whitson Woods Pl, Stafford, VA 22554
4 beds · 4 baths · 2,623 sqft
Assumable VA loan with 3.625% rate! This like new townhome is conveniently located just a couple minutes from I-95, commuter lots, Quantico, shopping, and only 8 miles from VRE. This unique home was built in 2022 and shows like new! This is the ONLY home in the neighborhood with the optional 4th level which includes a private terrace offering absolutely stunning sunrise views. 4 spacious bedrooms with the opportunity to convert the basement to an additional bedroom. Basement offers entry from the oversized two car garage and sliding glass doors to your backyard which can be fenced. Beautiful gourmet kitchen with a large island that is the anchor for entertaining space on this open concept main level. Third level features 3 bedrooms, a spacious primary bedroom with ensuite bath and walk-in closet. This stunning home is a commuter's dream that is not to be missed! Fiber optic high speed internet included with HOA fee!
Source: BRIGHT #VAST2036926
Financials
Source: BRIGHT #VAST2036926
Source: Public records
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%. 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.
Other resourcesWhat 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.