5526 Yorkshire St, Springfield, VA 22151
4 beds · 3 baths · 2,166 sqft
OFFER DEADLINE: TUESDAY APRIL 15 AT 12PM. Welcome to 5526 Yorkshire St – A stunning turnkey retreat in the heart of Kings Park with a 2.75% ASSUMABLE loan for qualified VA buyers! Prepare to be impressed by this beautifully updated four-bedroom, two-bathroom home nestled in the sought-after Kings Park neighborhood of Springfield. From the moment you step inside, you’ll notice the gleaming, newly refinished hardwood floors, an open and airy layout, and a sense of warmth that makes this house feel like home. The heart of the home is the gourmet eat-in kitchen, thoughtfully redesigned with granite countertops, stainless steel appliances, recessed lighting, and an abundance of cabinet space. A versatile breakfast bar adds extra seating and doubles as the perfect homework or coffee station. The spacious living room features oversized picture windows that flood the space with natural light, along with custom built-ins and a stylish accent wall for added character. The adjacent dining area flows effortlessly to the private side patio, making indoor-outdoor entertaining a breeze. A convenient main-level laundry room offers added storage and easy access to the attached garage. Upstairs, you’ll find a cozy second family room or recreation space, along with a flexible bonus room perfect for a home gym, playroom, or hobby space. Step outside to your very own backyard oasis – an entertainer’s dream! Enjoy evenings around the custom-built fire pit on the oversized patio, illuminated by ambient stair lighting and charming string lights. A covered gazebo awaits your future hot tub, and multiple storage solutions including a workshop, shed, and enclosed wood storage make this property as functional as it is beautiful. Located just minutes from the Rolling Road VRE, Metrobus stops, the Pentagon, and local parks, pools, schools, shopping, and Lake Accotink – this home offers unmatched convenience and charm. Don’t miss your chance to make this move-in-ready gem your own – schedule your tour today!
Source: BRIGHT #VAFX2228406
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAFX2228406
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.