17968 Ridgewood Pl, Round Hill, VA 20141
4 beds · 5 baths · 4,147 sqft
Better Than New! This SUMNER Model single-family home is packed with high-end upgrades and smart home features, why settle for less when you can have it all? Situated on an elevated lot, this home offers a lovely vantage point within the neighborhood. Inside, the open-concept floor plan is designed for both comfort and functionality, giving everyone their own space while keeping the flow just right. The main level impresses with luxury vinyl plank flooring, upgraded lighting, and classic plantation shutters. The gourmet kitchen is straight out of a magazine: quartz countertops, a statement backsplash, premium KitchenAid appliances, a VENT HOOD, and a massive island with storage. And let’s talk about that stainless steel farmhouse sink with a DELTA touch faucet, where style meets practicality. The kitchen opens to the great room, where a contemporary fireplace and walls of windows bring in plenty of natural light. Upstairs, the primary suite is a true retreat with walk-in closets, a spa-like bath with dual vanities, quartz countertops, and an oversized shower with TWO showerheads. Three additional bedrooms (all with walk-in closets!) and two more full baths, including an en-suite, complete the upper level. The finished lower level is ready to be whatever you need. With a full bath, a rough-in for a wet bar, and a pre-wired home theater/projector setup, it’s perfect for entertaining or relaxing. There’s also an unfinished bonus room that could easily become a media room, home gym, office, or even a fifth bedroom. Out back, the flat, fully fenced backyard is ready for fun; there is plenty of space to play, unwind, or entertain. Plus, it’s already set up with a gas line for a firepit or outdoor kitchen. The prime location is near Sleeter Lake and Franklin Park, with top-notch dining, shopping, and commuter routes. This home isn’t just move-in ready; it’s NEXT LEVEL. Don’t miss your chance to make it yours!
Source: BRIGHT #VALO2091508
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: BRIGHT #VALO2091508
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.