9502 Chestnut Farm Dr, Vienna, VA 22182
4 beds · 4 baths · 4,090 sqft
Welcome to this well maintained Colonial-style residence situated in one of Vienna’s most desirable neighborhoods. With its timeless appeal and modern enhancements, this meticulously cared-for home features 4 bedrooms and 3.5 bathrooms exquisitely designed living space. As you arrive, you’ll be enchanted by the home’s classic brick front. Inside, you’ll discover gleaming hardwood floors, detailed crown molding, and sunlit living areas that radiate warmth and sophistication. The gourmet kitchen is a delight for any chef, white cabinetry, stainless steel appliances, and a spacious center island—ideal for meal preparation and entertaining. The adjacent family room with a cozy fireplace sets the perfect atmosphere for relaxing evenings, while the formal dining and living rooms provide elegant venues for entertaining guests. On the upper level, the expansive primary suite serves as a private sanctuary, complete with a spa-like en-suite bath and a generous walk-in closet. Additional bedrooms are well-sized and share a beautifully updated hall bath. The mostly finished basement offers a flexible area perfect for a recreation room. Step outside to your private backyard oasis, featuring a large deck and lush green space—perfect for outdoor gatherings or enjoying a peaceful morning coffee. Conveniently located just minutes from downtown Vienna, parks, shopping, and dining, this home provides a blend of accessibility and serenity. With easy access to major commuter routes, Tysons Corner, and the Metro, this truly is the perfect place to call home.
Source: BRIGHT #VAFX2230438
Source: BRIGHT #VAFX2230438
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.