12607 Byrne Pl Manassas, VA 20112
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About this home
Welcome to 12607 Byrne Place—a lovingly cared-for home nestled on a generous half-acre lot in the delightful and sought after neighborhood of Oak Ridge Estates! This charming residence has an inviting atmosphere that instantly feels like home. As you step inside, you'll find a warm and welcoming ambiance. Enjoy the combination kitchen and living, and being able to prepare meals as you look out into your large back yard. The expansive backyard is perfect for summer barbecues and sunny afternoons ! You'll love hosting friends or simply enjoying the tranquil surroundings under the shade of mature trees. Additional highlights include no HOA —giving you the freedom to personalize your property to your heart's content—and a vibrant community where neighbors become friends. Enjoy the community and all it has to offer, with the outdoor pool and convenience to all major roads, shopping and dining. Don’t miss this opportunity to own a piece of comfort, charm, and community! Whether you’re a first-time buyer or looking to create lasting memories, this property offers a perfect blend of indoor-outdoor living and room to grow. Come see it today!
Source: BRIGHT #VAPW2104624
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Close stress-free in 45 days, handled start to finish by Roam.
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.