20440 Northpark Dr, Ashburn, VA 20147
4 beds · 6 baths · 5,195 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Rarely available, a very special, luxury end-unit townhouse by Miller & Smith with a private elevator facing One Loudoun's Central Park. This magnificent home is simply stunning with upgrades and designer touches throughout. The chef's kitchen is magazine worthy with Wolf and Sub-Zero appliances including a custom wine refrigerator, built-in coffee/espresso machine and a 13' island with quartz countertops with a waterfall edge. Noteworthy architectural details are sure to impress with floor to ceiling windows, high-end cabinetry and built-ins, 10' high ceilings, Lutron motorized shades, wide-plank engineered wood floors, upgraded railings, designer lighting and multiple outdoor living spaces. The 1LX floor plan is ideal for living and entertaining and features 4 bedrooms, each with a professionally organized closet and an en-suite bath as well as 2 powder rooms and a main level office. The primary suite offers views of the park and boasts a spa-like primary bath with radiant heat stone floors, a walk-in shower, separate soaking tub, electric mirror and quartz counter tops. Retreat to the upper level loft and you will be amazed by the spectacular rooftop terrace with panoramic views with wood tile flooring, a gas fire pit and motorized awning. The spacious and light-filled loft area is an welcome retreat with built-in cabinets and a beverage refrigerator, ideal for a home office or for entertaining. There is ample storage throughout with the custom cabinets in the laundry room and in the mudroom, as well as additional wall mount storage cabinets in the garage, complete with EV charging and an epoxy floor. One Loudoun is a unique place of sophisticated culture and urban-inspired architecture located in the heart of Loudoun County, VA at Rt. 7 and Loudoun County Parkway. Comprising 358 acres, the community integrates a town atmosphere with great neighborhoods and an exciting downtown of retail, dining and entertainment. One Loudoun Neighborhood Association amenities include a resort-style Clubhouse, outdoor pool, tennis courts, pickle ball courts, half-court basketball, sand volleyball, meeting rooms, 3 playgrounds, and a "Central Park" which includes The Barn at One Loudoun, an amphitheater and barn venue that hosts community social events. Stroll along the beautifully designed streetscapes to visit your favorite boutiques, dine at a wide variety of restaurants and bars, or enjoy a community event on the Downtown Plaza.
Source: BRIGHT #VALO2094070
Learn about how it works
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
Close faster and stress-free
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 #VALO2094070
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 and Equal Opportunity Act.