2518 Sweet Clover Ct, Dumfries, VA 22026
5 beds · 5 baths · 4,574 sqft
WOW! Check out the backyard of this home. The home is inside the front entrance of Potomac Shores on a cul-de-sac street. This is the Berkeley floor plan, and it features over 4500 finished square feet of living space, a front porch, a rear covered porch, a patio, and a large fenced yard. If you are a buyer who would prefer a more traditional style home with a formal dining room, put this home on your list. This home has a dedicated office just off the foyer, a massive open-concept kitchen, a breakfast room, and a family room with a coffered ceiling and a stone gas fireplace. The kitchen has the preferred white-on-white with a coastal vibe, a large center island, a gas cooktop, double ovens, and a breakfast room. Step through the French doors to the rear porch for your morning coffee. Head upstairs and find four well-appointed bedrooms and three full baths. The owner's suite will not disappoint. It is one of the larger ones offered in the community. There is also a walk-in laundry room! Head downstairs, and you will find a fully finished basement with a fantastic custom bar and plenty of storage. You will have access to the backyard through the walk-up exit. The owner has landscaped the yard and made it a showstopper on the cul de sac. There is a low rate of VA Assumable loans for veteran buyers. Please call for details. The HOA fee is $180.00 per month, including high-speed internet, the gym, three outdoor pools, trash pickup, a multi-purpose court, miles and miles of nature trails, a canoe launch, and soon, a day-to-night town center. Residents can enjoy the Shores Club and the Fitness Barn and participate in all the resident events put on by the social committee. There are also book clubs, classes, and meet-ups monthly. You will love living here. The Potomac Shores VRE Station is in the works, the Head House Station is being built now, and the parking garage is already complete. Potomac Shores is home to the only public Jack Nicklaus Signature Golf Course in Northern Virginia. We can't wait for you to tour this home!
Source: BRIGHT #VAPW2086540
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAPW2086540
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.