303 Lawford Dr SW, Leesburg, VA 20175
4 beds · 4 baths · 3,929 sqft
Here's your chance to own over 3,900 sq. ft. of elegance and comfort in the sought-after community of Greenway Farm—now at a greatly improved price! Step inside to discover beautiful hardwood floors on the main level, adding warmth and sophistication. The spacious living room flows seamlessly into the formal dining room, perfect for hosting memorable gatherings. The eat-in kitchen is designed for both style and functionality, featuring brand-new stainless steel appliances, a breakfast counter, a large dining area, and custom wood shutters. Just off the kitchen, the expansive family room invites you to relax by the cozy gas fireplace, creating the perfect space for entertaining or unwinding. From here, step out to the screened-in porch, allowing you to enjoy the outdoors in any weather. Crown molding throughout the main level adds a touch of elegance, while the stunning staircase with wainscoting enhances the home's character. Upstairs, the primary suite offers a private retreat with a spacious sitting area, crown molding, and an en-suite bath featuring double sinks, a soaking tub, and a separate shower. Brand-new carpet throughout the upper level adds a fresh, inviting feel. Three additional bedrooms and a second full bath complete this level. The finished basement offers a large recreation area, a full bath, and two bonus rooms, perfect for a home office, gym, or guest space. Plus, there's a large unfinished storage area for added convenience. Outside, the backyard oasis includes a wood privacy fence, a patio, a small deck, and the screened-in porch, offering multiple spaces to relax and enjoy the outdoors. Additionally, the Jacuzzi hot tub conveys to assist one in relieving the day's stress. Located in Greenway Farm, this home is part of a vibrant community with fantastic amenities, including a community pool, tennis courts, basketball court, walking/jogging trails, a playground, and a beach volleyball court. 📌 Bonus: New Roof installed in 2018! Don't miss this opportunity—schedule your showing today! 🏡✨
Source: BRIGHT #VALO2086972
Financials
Source: Public records
Source: BRIGHT #VALO2086972
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.