6218 Belleair Rd, Burke, VA 22015
5 beds · 4 baths · 2,898 sqft
Discover this charming and well-maintained five-bedroom colonial, perfectly situated at the end of a cul-de-sac in the heart of sought-after Burke Centre! This home is warm and inviting with a traditional yet functional floor plan. The main level features new hardwood floors in the living room (2022), the family room is a cozy retreat with an oversized window, built-in bookshelves and a wood burning fireplace. The kitchen is both stylish and practical, accented with glass-front cabinets, granite countertops, stainless steel appliances (dishwasher 2023), and an eat-in area that flows seamlessly to the spacious deck—perfect for barbecuing and entertaining. The spacious living room offers versatility to fit your lifestyle, while the dining room sits perfectly adjacent to the kitchen for effortless entertaining. Upstairs, the oversized primary bedroom has a spacious walk-in closet and so much potential for customization. Three additional bedrooms and an updated hall bathroom complete the upper level. The finished lower level (2022) adds incredible versatility with a fifth bedroom, full bathroom, recreation space, office/gym area, and additional storage. Wow! This home has been meticulously maintained, with recent updates including a new HVAC system (2022), water heater (2024), and 6” gutter replacement (2021). The freshly painted two-car garage provides both convenience and extra storage. This home is close to woods, jogging paths, tot lots, swimming pools, tennis & basketball courts, and community centers. With easy access to major transportation routes, VRE, GMU, NVCC, and fantastic shopping & dining, this is one you don’t want to miss!
Source: BRIGHT #VAFX2231044
Source: BRIGHT #VAFX2231044
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.