8351 Rocky Forge Ct, Springfield, VA 22153
3 beds · 2 baths · 1,220 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**MAXIMUM CURB APPEAL** Immaculate turn-key townhome in popular Newington Forest! Step inside, discover sun-drenched living spaces, all freshly painted throughout. The living room is open and spacious, a great place to entertain family and friends. A newly renovated powder room boasts “modern farmhouse” style fixtures & LVT flooring. The kitchen/dining area is also recently improved, featuring beautifully glazed soft-close cabinets, Santa Cecilia granite tops, stainless appliances, plus on-trend lighting fixtures! Don’t miss a handy pantry area to house all your snacks and cooking tools adjacent the laundry area! The backyard is private and shaded by mature trees. A large composite deck is the ideal spot to relax after work and sip your favorite cocktail! Upstairs find 3 bedrooms, and an upgraded hall bathroom! The primary bedroom has two closets, one of which is a walk-in. The secondary bedrooms are well-proportioned with ample closet space. The entire second level has been newly re-carpeted! Parking is a breeze with 2 assigned spots in front. Guest parking is plentiful, with visitor spaces on the court, and overflow parking on Great Lake Lane directly behind the house. NEWINGTON FOREST residents enjoy a huge outdoor pool w/ water slide, tot lots, tennis & basketball courts, plus baseball, soccer & football fields! The community is vibrant with social and family activities always on the calendar w/ the annual “Forest Friends” Easter Egg Hunt kicking off this Saturday! Welcome to 8351 Rocky Forge Court; WELCOME HOME!
Source: BRIGHT #VAFX2234688
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAFX2234688
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 and Equal Opportunity Act.