3070 Shagwood Ct, Woodbridge, VA 22192
4 beds · 4 baths · 1,852 sqft
Get a free consultation call with an expert in the mortgage assumption process.
PLEASE SUBMIT ALL OFFERS BY MONDAY, APRIL 14TH AT 5:00PM. THIS HOME HAS A 2.25% ASSUMABLE INTEREST RATE! Welcome home! Located on a quiet cul-de-sac, this beautiful, updated home in the heart of desirable Lake Ridge won't last long! On the main level you will find a sunny family room and formal dining room. The updated kitchen includes upgraded cabinets and countertops as well as stainless steel appliances. The living room has a cozy, wood burning fireplace. (chimney re-pointed and new cap put on June 2022) and front and rear exterior doors to access the garage at the front and the brand new deck (February 2025) in the rear. Upstairs there are 4 spacious bedrooms, all with new carpet (March 2025). The sizable primary bedroom has an ensuite full bathroom and two closets. The basement boasts a fantastic rec room (all flooring and lighting replaced in June 2020) and a full bathroom (added February 2023). The basement also provides a storage space, laundry room, and walk out door to the lower level patio. The large back yard is fully fenced. The roof was replaced in 2015, the water heater in 2021, and the HVAC in 2022. Amenity filled Lake Ridge includes 5 outdoor pools, a splash pad, 2 community centers, numerous playgrounds, sports fields/courts, and walking/jogging/biking trails. Additionally, the community provides easy access to shopping, dining, and entertainment, including proximity to Potomac Mills and Stonebridge at Potomac Town Center. With easy access to I-95 and the Express lanes, as well as a variety of commuter lots and bus systems, this home is perfectly located for an easy commute to Ft. Belvoir, Quantico, the Pentagon, Alexandria, Arlington, and Washington, DC. Schedule your showing today!
Source: BRIGHT #VAPW2091282
Source: BRIGHT #VAPW2091282
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.