2200 Milburn Ln, Reston, VA 20191
4 beds · 3 baths · 2,932 sqft
Get a free consultation call with an expert in the mortgage assumption process.
A wrap around covered porch with stone facade offers a stunning curb appeal welcome to your new home in Polo Fields. The 1990 colonial features a modern day floorplan perfect for everyday use. Upon entering the foyer, you're greeted with a center hall colonial with a spacious dining room on your left and formal living room with wood burning fireplace on your right (currently used as a playroom). There's a dramatic two story vaulted family room with gas fireplace, hardwood floors, main level office with grasscloth wallpaper and built ins, and an open floorplan to the eat-in kitchen. The fireplace is fueled by a propane tank, recently filled. The kitchen features white painted kitchen cabinets, Quartz counters, stainless steel appliances, an electric cooktop, a walk-in pantry with shelves, and glass French doors to a screened in porch with a mini split for heating/cooling, skylights, ceiling fans, and electric fireplace, and a custom cabinet for an outdoor TV, which leads to a rear deck overlooking the yard. .The upstairs is carpeted and features a vaulted primary suite with ceiling fan, walk-in custom closet with Elfa shelving, updated primary bathroom with 2 sinks, soaking tub, and shower. There are three more bedrooms that have great closet space and share a large hallway bath with two sinks and a tub. The best feature is the upstairs laundry room with side by side washer/dryer, utility sink, and space to hang clothes. The basement is waiting for your touch! It's HUGE and ready to be finished. Whatever you need - this basement has the space for it. Guest room, gym, rec room, storage, it's 1514 sq ft of ready for you space. Reston is a community full of opportunities and life. Polo Fields is part of the Reston HOA which features 55 miles of trails, 15 pools, 54 tennis and pickleball courts, Pavilions, Nature Centers, and of course, Lakes. There's a walking path behind the house that connects to the Colts Brook Rec Area and Stratton Woods Park. If you're commuting, you'll enjoy the 1 block walk to the Herndon Metro station. Lower Level HVAC 2022, Upper HVAC 2016, Roof 2016, Siding 2016, Deck and Porch 2017.
Source: BRIGHT #VAFX2232422
Source: BRIGHT #VAFX2232422
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.