9601 Minstead Ct, Burke, VA 22015
4 beds · 4 baths · 2,372 sqft
DON'T MISS THIS ONE! Welcome home to this 4 bedroom, 3 & a 1/2 bathroom END UNIT townhouse in the highly sought-after Britford Community in Burke! This charming townhome boasts three levels offering a blend of comfort & convenience, The open and inviting floor plan features a step down living room that flows into the dining room. The spacious eat-in kitchen with bright skylights provide easy access to the deck, making it perfect for outdoor meals & entertaining. Upstairs you'll find 3 bedrooms including an oversized primary bedroom with a walk-in closet and an ensuite bathroom. Vaulted ceilings enhance the bright and open feel of the upper level. The fully finished, lower level is a must-see! It features a large multi-purpose space with a 4th bedroom and a full bathroom. The large utility space also has plenty of storage for you! This home is part of the top-ranked Fairfax County Public School Pyramid: Cherry Run, Sangster AAP Center, and Lake Braddock Secondary. This location is also a commuter’s dream! Easy access to all commuter lots, VRE, Metro, Metro bus stops, Fairfax Co Parkway, Burke Lake Rd, Braddock Rd, Ox Rd (123), I-495, and I-95. You can quickly reach GMU, Mark Center, Pentagon, Amazon HQ2, Fort Belvoir, Downtown DC, Arlington, and Old Town Alexandria, In Burke you can enjoy the quiet neighborhood close to bike and nature trails at Lake Braddock and Burke Lake. Many malls & shopping are close and nearby grocery stores include Whole Foods, Trader Joe's, Safeway, Aldi, and Giant. The property includes 2 reserved parking spots and plenty of visitor parking for your guests!
Source: BRIGHT #VAFX2228424
Financials
Source: BRIGHT #VAFX2228424
Source: Public records
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%. 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.
Other resourcesWhat 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.