2288 Merseyside Dr, Woodbridge, VA 22191
3 beds · 3 baths · 2,164 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome Home! Discover the perfect blend of modern comfort, style and convenience! Featuring newly installed LVP flooring on the main and upper level, this bright and sunny 2,164 sq. ft. home offers a spacious and functional floor plan beginning with the large living room and into the kitchen that boasts upgraded cabinetry, granite countertops, island, and sleek stainless steel appliances open to the spacious dining area with access to a dedicated office/library and covered rear porch—perfect for both everyday living and entertaining. Upstairs, you'll find a serene primary bedroom with en-suite bathroom, 2 additional bedrooms, guest bathroom, and convenient laundry area. Attached 1-car garage provides convenience and potential for additional storage space. The prestigious Potomac Club gated community delivers exceptional amenities for an enviable lifestyle. Perfectly positioned close to tons of shopping, dining and entertainment options abound in this thriving neighborhood. Move-in ready and impeccably maintained, this home is waiting for you to add your personal touch! The HOA fees at Potomac Club cover a wide range of services including gated security, trash and recycling, common area landscaping and irrigation, road maintenance, street lighting, snow removal, and clubhouse utilities. The clubhouse amenities include a business center, sauna, rock wall, fitness center, billiard room, indoor and outdoor pools, and picnic areas. The condo fees include the residential water contract, exterior maintenance, and coverage for the roof and attic. Location Bonus: Stone Bridge Town Center—offering shopping (retail and grocery), dining, and entertainment—is just 0.17 miles away, directly across the street from the home!
Source: BRIGHT #VAPW2091980
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 #VAPW2091980
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.