5416 Sequoia Farms Dr, Centreville, VA 20120
4 beds · 4 baths · 2,805 sqft
Welcome to 5216 Sequoia Farms Drive, a beautifully maintained and thoughtfully updated home nestled in the sought-after Sequoia Farms community in Centreville, Virginia. This spacious 3-bedroom, 3.5-bathroom residence offers comfort, function, and charm across three finished levels. The upper level features three generous bedrooms and two full baths, including a spacious primary suite with two closets, a private en-suite bath, and direct access to a deck—ideal for morning coffee or evening winding down. The main level boasts an inviting layout with an eat-in kitchen, formal dining area, and cozy family room. A separate den with vaulted ceilings and a wood-burning fireplace creates a warm and open atmosphere, with sliding glass doors that lead to a spacious deck overlooking the fully fenced backyard. Recent upgrades include brand-new stove and microwave (1 month), a 2-year-old dishwasher and washer/dryer, a 4-year-old refrigerator, and a garbage disposal installed just this week. Recessed lighting in the kitchen (9 months) and downstairs (2 years) enhances the modern, clean feel. Flooring in the foyer, kitchen, and family room was updated approximately 5 years ago. The finished basement expands the living space with a large rec room, a full bathroom, laundry area, and a potential 4th bedroom, or an additional bonus room that can be used as a guest space, gym, or office (note: no egress window). A spacious garage offers ample storage, and documentation on garage door systems and appliance info can be found conveniently stored in the kitchen. Major systems and structural elements have been well cared for, with the roof, siding, and gutters replaced around 7 years ago, all doors and windows upgraded within the last 2 years, and the deck rebuilt about 4 years ago. The entire home is protected by hardwired smoke, fire, and carbon monoxide alarms (2 years old), and the fully fenced backyard has fencing no older than 10 years. Located in a vibrant and amenity-rich community, Sequoia Farms offers residents access to a pool, tennis/pickleball courts, playground, and is adjacent to the 660-acre Ellanor C. Lawrence Park with trails, sports fields, and more. The neighborhood hosts festive events year-round and features a community swim team. With few homes like this available in such a desirable location, this is a rare opportunity you won’t want to miss—schedule your tour today!
Source: BRIGHT #VAFX2231276
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: BRIGHT #VAFX2231276
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.