47 Shermans Ridge Rd, Stafford, VA 22554
5 beds · 5 baths · 4,062 sqft
Welcome to this Gorgeous and Immaculate 5 Bedroom / 4.5 Bathroom Home in Liberty Knolls ! 47 Shermans Ridge is better than brand new, it is 5 years old, and during that time, the Owners have added all of the Beautiful finishing touches ! New paint, new carpeting in the bedrooms, a beautiful Trex deck, a patio laid with various sized pavers for design interest, and a a modern black aluminum backyard fence, mimicking classic wrought iron, without the maintenance. Throughout the entire main level, there is hardwood flooring, a beautiful light blonde with slight distressing, 7 inch plank. Not only is it throughout the main level, the stairwell to the upstairs is constructed with the same hardwood, and continues through the walkway areas of the upstairs. A unique floor plan on the upper level has not only the Master Bedroom with its Spacious Bathroom, but the 2nd Bedroom has its own private full bathroom and Bedrooms 3 and 4 share a full additional bathroom. An additional wonderful design of the home is the way the Master Bedroom/Bath flows into a large walk in Master Closet, which adjoins a large separate Laundry Room with 2 large closets for storage. Back on the main level, having a side staircase allows you to walk into an open foyer and continue into the large Family Room and Dining area - adjoining the Gourmet Kitchen which boasts a 14 foot Island, and a wall of Windows looking out to the backyard. A family's Dream for everyday living and Entertaining ! Moving to another area of the home is where you are able to Enjoy the fully finished basement that is beautifully large, bright and open. The 5th legal bedroom is carefully designed towards the back of the basement adjoining a full bathroom which allows for privacy for company or a teenager’s dream space. The home is located in Liberty Knolls Neighborhood, in the sought after school district of Colonial Forge High School, Rodney Thompson Middle School and Winding Creek Elementary School. All conveniently located off of Courthouse Road, and less than 2 miles from Shopping, Restaurants, the Jeff Rouse Sports Complex and Interstate 95.
Source: BRIGHT #VAST2037000
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAST2037000
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.