2319 Emerald Heights Ct, Reston, VA 20191
3 beds · 3 baths · 1,484 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Interior features: 2 story foyer, Hardwood floors, Family room filled with natural light, Dining area with updated lighting, Kitchen with beautiful wood cabinets, stainless steel fridge, range and built-in microwave, ceramic tile floors, recessed lighting and a pantry, Beautifully renovated modern half bathroom with sleek gray tile floors, a new white vanity, fresh paint and baseboards, updated mirror, lighting and more giving it a spa-like feel, convenient for guests and ease on the main level. An open staircase leads up and downstairs The upper level features 2 spacious primary bedrooms, a third bedroom and a contemporary bathroom with updated flooring, a new vanity, new lighting, a new mirror and a jetted tub. The lower level highlights, a recreation room complete with surround sound speakers and another full bath that needs a little bit of TLC. Other quality features include ceiling fans, large windows and siding glass doors, a laundry room/storage room and two parking spaces along with visitor parking. Exterior features: Slate patio, Fenced in back with a wood high-privacy fence, A balcony off of the primary suite connecting to the second bedroom. Location: Located in a prime area of Reston this townhouse has access to all of Reston‘s amenities including endless tennis courts and pools, a recreation center, a Metro, Reston Town center, parks, walking trails, golf courses, shopping, dining, entertainment, and convenient access to major roadways.
Source: BRIGHT #VAFX2233756
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAFX2233756
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 of Equal Opportunity Act.