131 Interlace Way Stephenson, VA 22656
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About this home
Your dream home is here!! Rarely available 2021 built Brookfield Homes Beckner model with 4,500+ square feet, 4 bedrooms, 4 full, 1 half bath, main level office and SO MUCH MORE! The dramatic two story entry draws you into the light filled main level with worry free luxury vinyl plank flooring throughout. While the front room is for entertaining and the office is for working, the back of the house is for relaxing. A combined kitchen, family and dining room are functional and stunning, Upstairs you'll find an owner's escape with large walk-in closet and bath where no one has to share sink space. Three additional bedrooms, 2 more full baths, a loft flex space, laundry room and decorative wall moulding and trim make this floor picture perfect. The lower level redefines spacious! A versatile open concept space includes full bath, room for future bedroom and storage space. Snowden Bridge is a master planned community with amazing amenities for a low monthly HOA fee. Check out the resort-like outdoor pool with play area, sportsplex with basketball, volleyball and tennis courts, multiple playgrounds, walking trails, dog park and onsite daycare and elementary school. If this couldn't get better, you are only 8 minutes from Target, restaurants and shopping. The historic downtown district of Winchester is 8 miles away. There is no where else in NOVA where your money can go this far and you don't have to sacrifice convenience! If you are VA eligible, reach out to your Realtor for more info on the assumable loan with a 2.75% interest rate!
Source: BRIGHT #VAFV2037426
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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.