11603 Virgate Ln Reston, VA 20191
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About this home
THE ONE THAT CHECKS EVERY BOX! Completely remodeled with over 4,200 sq ft, this home is ideally located off Lawyers Rd, centrally located on a private cul de sac just minutes to both Vienna and Reston Town Center and around the corner from the Walker Nature Center. Highlights include a completely separate au pair suite/in-law suite/office/or gym with gorgeous bathroom, new roof, new oversized gutters, newer Pella windows, recessed lighting throughout, and beautifully refinished hardwoods throughout. Additional features include new LVP in the basement and au-pair suite and a brand-new deck overlooking the pool and lush refreshed landscaping. The heart of the home is a stunning custom kitchen with a 14' eat-in island featuring a waterfall quartz countertop, ceramic tile backsplash, new appliances including an induction range and smart refrigerator as well as a built-in beverage center with wet bar - perfect for entertaining. The tranquil primary suite offers a huge walk-in closet and a spa-inspired bath with dual showerheads, bench, lighted niches, and a custom glass bi-directional door. Upstairs you’ll also find a spacious laundry room with cabinetry, counter for folding, and storage. The fully separate au pair/in-law suite boasts its own dedicated HVAC, XL walk-in closet, and a spa bath with heated ceramic tile floors, rainfall shower, bench, and custom glass door. The finished lower level includes a large rec room, full bath, ample storage, and closets. Outside, the beautifully landscaped front and rear yards surround a pool that's plumbed for a heater and has a new liner and pump (2022) plus a sun deck for summer gatherings, while the oversized two-car garage with high ceilings provides exceptional storage. Add in a cozy family room with woodburning fireplace, and this home truly has it all.
Source: BRIGHT #VAFX2266278
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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