21116 Midday Ln, Sterling, VA 20164
4 beds · 4 baths · 2,590 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home and wait until you hear everything this 4 bedroom 4 bath home has to offer! On the main floor you'll find large rooms, a welcoming kitchen, and access to the screened in patio and large flat yard perfect for entertaining. Upstairs conveniently keeps all bedrooms on one level with two full baths and fresh paint . The basement level is a great flex space, whether you turn it into a family room, entertainment cove, or an office! Looking for turnkey? Updates include: HVAC-2013, windows-2014, garage doors and garage side entry door-2014, roof and siding -2017, sliding patio door-2018, new kitchen appliances in 2021, and driveway resurfaced in 2022. Fully owned solar panels convey and without a transfer fee--saving you BIG MONEY!!! 6.8KW/14 panel system with 52% of the homes power provided by solar in 2024, with April through October ranging from 70-87% of those hot summer months electric bills covered by the system. Seller does have a VA Assumable loan at 2.67% with Navy Federal Credit Union and will only entertain assuming with a buyer with VA entitlement. Located near amenities like Dulles town center shopping, Dulles international airport, and Innovation Center Station, this home provides easy access to it all. Don't forget to check out Claud Moore Park backing the neighborhood!
Source: BRIGHT #VALO2088092
Source: BRIGHT #VALO2088092
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.