9525 Kirkfield Rd, Burke, VA 22015
4 beds · 2 baths · 1,384 sqft
ASSUMABLE LOAN WITH 2.75% Rate! Welcome home to desirable Lake Braddock! This conveniently located split-level home is bright and airy, with an open floorplan and stylish modern updates on all three levels. Inside the entrance, you’ll discover the living room with built-in bookshelves flanking the cozy fireplace and a large picture window flooding the home with natural light. Gleaming hardwood floors flow seamlessly throughout the open concept layout, making the home ideal for entertaining friends and family. The sleek kitchen has been gorgeously renovated with marble countertops, a classic subway tile backsplash, and stainless steel appliances. The oversized island offers additional cabinet storage and opens the room directly into the spacious dining area. Up a few steps, the tranquil primary bedroom suite boasts abundant closet space and a stunningly updated en suite bathroom. Two additional bedrooms both include wide closets and shared access to the second full bathroom in the hallway. On the lower level of the home, the amply-sized family room offers you a comfortable space with endless options and a gorgeous stone-surround fireplace. The fourth bedroom on this level provides you with greater versatility for a quiet home office or light-filled playroom. Step outside onto your expansive deck to sip your morning coffee or host a bbq with friends. Enjoy the privacy of your lush backyard as you play, garden or sit under the shade of gorgeous, mature trees. On the front of the home, the attached garage and wide driveway give you convenient parking and storage space. Major home updates include a new roof and gutters (2019), HVAC and condenser (2017), and new electrical panel (2017). Amenities are plentiful, including an outdoor pool, lake access, tennis and basketball courts, playground, community center, and lush green spaces. Not only is this popular community in the highly-sought after Lake Braddock school tier, but Lake Braddock Secondary School is located within the neighborhood. Just minutes to Safeway, Giant, Kings Park Shopping Center, Springfield Town Center, Lake Accotink Park, Kings Park Park, and Audrey Moore Rec Center. Quick access to Burke Lake Road, Braddock Road, Fairfax County Parkway, I-395 and I-495. Schedule a private tour of your new home today and enjoy every moment of the Summer in your new Lake Braddock home! ***Payoff of loan amount is $460,000.***
Source: BRIGHT #VAFX2233184
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAFX2233184
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.