2305 Harmsworth Dr, Dumfries, VA 22026
4 beds · 5 baths · 4,445 sqft
Come discover this sought-after Berkley model on a premier cul-de-sac lot, backing to serene trees. This expansive home boasts three fully finished levels, brand new lvp flooring, craftsman trim and hardware adding style throughout the home. As you walk up to the covered front porch through the front door you will be greeted by a welcoming foyer that leads to the main level office with glass double doors for privacy and formal dining. Just down the foyer hall you will find the gourmet kitchen, which is a chef’s dream, featuring raised panel cabinets, granite countertops, stainless steel appliances, center island, pantry and ceramic tile backsplash. Just off the kitchen is the oversized bright and airy family room which includes a gas fireplace. All the upper level bedrooms are spacious but the large primary suite offers walk-in closet and spa bath with soaking tub, walk-in shower with bench, double vanity and upgraded finishes. For convenience the laundry room is on the upper level as well. The finished lower level basement features new half bath, large rec room, unfinished room for future den/office or playroom/gym, lots of storage space. Just step outside to enjoy quiet evenings on your composite deck or stone patio, overlooking a fully fenced private backyard. This home has lots of extra features like blinds on the windows, recessed lighting, 2 car garage, solar panels on the roof with warranty, in home fire sprinkler system and much more. This home is Ideally located in Potomac Shores, just minutes from the upcoming VRE station, top-rated schools, shopping, scenic walking trails, and more. It’s Stylish Living in the Largest Home on the Street!
Source: BRIGHT #VAPW2086640
Financials
Source: Public records
Source: BRIGHT #VAPW2086640
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.