22462 Faith Ter, Brambleton, VA 20148
3 beds · 4 baths · 1,892 sqft
What Makes This Property Stand Out? This stunning 3-bedroom, 3.5-bathroom townhome is move-in ready, featuring fresh neutral paint and brand-new carpet throughout. The open and inviting floor plan boasts a spacious kitchen with granite countertops, stainless steel appliances, and a sunny breakfast area. This bright home gets plenty of natural sunlight. The primary suite offers two closets and a private bath with a relaxing soaking tub and separate standing shower, while the secondary bedroom on the upper level also has its own private bathroom, for extra comfort and convenience. The lower level features a bedroom with a full bathroom, laundry room and garage access. One of the home’s standout features is the nice deck with stairs connecting to the lower level patio, perfect for outdoor entertaining. Enjoy unobstructed scenic views from the home. Additional upgrades include updated light fixtures, a new dishwasher, new roof in 2020, and a one-car garage. What Makes This Community Stand Out? Living in Brambleton means being part of a vibrant community designed for an active and social lifestyle. Residents enjoy access to five resort-style pools, several parks, tennis and basketball courts, sand volleyball courts, and multiple sports fields. Miles of scenic walking and biking trails weave through the community. Brambleton Town Center, just a mile away, offers a fantastic mix of shopping, dining, movie theater, coffee shops, fitness centers, a state-of-the-art library and the year round farmers market. Ample visitor parking spaces are available throughout the community. What Makes This Location Stand Out? This home is ideally located for both convenience and recreation. The Beaverdam Reservoir, just across the street, provides breathtaking waterfront views, nature trails, kayaking, and fishing—perfect for outdoor lovers. Golf enthusiasts will appreciate being just minutes from the Brambleton Golf Course, a scenic and well-maintained public course. Commuting is a breeze with quick access to major roads, the Dulles Greenway, and the Silver Line Metro station—just 2.5 miles away.
Source: BRIGHT #VALO2088206
Financials
Source: Public records
Source: BRIGHT #VALO2088206
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.