14297 Felty Pl Woodbridge, VA 22193
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About this home
Welcome Home to 14297 Felty Place, Woodbridge, VA 22193! Nestled on a quiet cul-de-sac in the heart of Dale City, this charming home in the established community of Greenwood Farm offers a perfect blend of comfort and convenience. Step inside to find a bright and inviting floor plan featuring a spacious living room with a cozy wood-burning fireplace for those cold winter months. The kitchen has ample cabinet space, electric appliances, and a pass-through window to the exterior. The dining area can accommodate a large table for extra seating, and there is also a storage nook underneath the stairs. Comfortable and well-sized bedrooms on the upper level, including a large primary suite, are designed for modern living. The home’s layout provides flexibility for both relaxation and entertaining, and draws in plenty of natural sunlight. Enjoy outdoor living and summer barbecues with family and friends. The large adjoining common area is a superb setting and play area for kids, and also a great place for your furry companions. This home easily accommodates your parking needs and offers plenty of additional street parking nearby. Conveniently located near major commuter routes, shopping, dining, and local parks, this home provides easy access to all that Woodbridge has to offer, including Potomac Mills, Stonebridge at Potomac Town Center, and nearby military bases. This home is also within walking distance to the new Quartz District, a major mixed-use development center currently under construction, which will bring added value with additional residential housing, retail amenities including new shopping & dining destinations, and an enhanced infrastructure. Whether you’re a first-time buyer or a savvy investor looking to add to your portfolio, 14297 Felty Place is a wonderful opportunity to enjoy suburban living in a sought-after location.
Source: BRIGHT #VAPW2106224
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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.