1203 Ware St SW Vienna, VA 22180
Your savings
About this home
***Assumable VA loan at 2.25%** Call for details, will consider NO substitution of eligibility, so a non veteran CAN assume. Second trust to bridge the gap available. .**Exceptional Custom Built home, designed with features and quality finishes seldom found in "generic spec homes". Craftsman style exterior with Hardiplank leads to a gracious open floor plan with an incredible flow between main level areas and the outdoor living areas. Elegant moldings and a coffered ceiling cement the feeling that you are in one classy home. Over 4000 sq feet on the 2 upper levels including a sumptuous Primary suite, large secondary bedrooms up with walk ins, and an upper level laundry room. The main level, in addition to the open main level living areas included a pantry, charging station room , mudroom off the oversized garage and a main level OFFICE/flex room that measures 17x17- Home office, gym, kids playroom, future main level primary? Downstairs ,another 1800+ square feet is highlighted by a 40x24 rec room/game area space with multiple activity areas and a walkout to the stone patio and outdoor fireplace. Also, a bedroom, full bath, bar area and more . Almost exactly one mile to Vienna Metro and easy access to 66/495! Just blocks from downtown Vienna** Assumable VA at 2.25%,. Flexible timeframe on settlement. This home exudes warmth, open ness and Class! Just 10 years old and there is a whole house Generator as well!**Check out the pics and schedule your showing with your agent or myself!
Source: BRIGHT #VAFX2276754
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.