21133 Stonecrop Pl, Ashburn, VA 20147
5 beds · 5 baths · 5,182 sqft
- Home Under Contract. Open House Cancelled. - Stunning French Colonial in Prime Location Located in one of the most desirable neighborhoods in Ashburn, this exceptional home boasts over 5,100 finished square feet of luxury living space. The oversized 2-car side-load garage adds convenience, while the expansive layout is perfect for both relaxation and entertainment. Main Level Features: -Newly installed LVP flooring throughout, including the stairs -Open-concept kitchen with an eat-in space and butler's pantry -Private office with built-in bookshelves for a cozy, productive space -Gas fireplace and vaulted ceilings creating a warm, inviting atmosphere -Stunning foyer creates the perfect first impression for guests Renovated Basement: -Complete renovation with premium tile floors throughout -Bedroom with attached full bath -Recreation room perfect for entertainment -Additional washer/dryer hookups -Kitchenette with breakfast bar -Private entrance, making this basement feel like its own apartment Upper Level Features: -Four spacious bedrooms, each with an attached bathroom for ultimate privacy -Fresh, new carpeting throughout the upper level -Master bedroom with vaulted ceiling and walk-in closet with attached cedar closet -Master bathroom complete with a luxurious jacuzzi tub for ultimate relaxation Exterior Features: -Extensive landscaping -Fully fenced backyard -Two story deck with separate entrances to basement, family room, kitchen, & mudroom -Premium corner lot nestled between two cul-de-sacs With an exceptional layout, modern upgrades, and plenty of space for everyone, this stunning French Colonial is a true gem. Don’t miss the chance to call this beautiful house your home!
Source: BRIGHT #VALO2090488
Source: BRIGHT #VALO2090488
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.