14388 Waterford Woods Ct Leesburg, VA 20176
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About this home
Nestled in a serene setting, this exquisite Colonial-style residence offers a harmonious blend of luxury and comfort, perfect for those seeking an elevated lifestyle. Spanning an impressive 4,722 square feet, this home is designed for both relaxation and entertaining, featuring four spacious bedrooms and three and a half elegantly appointed bathrooms, and two more bonus room in the lower level. Step inside to discover a warm and inviting interior, where crown moldings and recessed lighting enhance the sophisticated ambiance. The gourmet kitchen is a culinary enthusiast's dream, boasting upgraded, and large countertops. A pantry for ample storage. Equipped with high-end appliances, including a double oven, built-in microwave, and a cooktop, this kitchen seamlessly flows into the family room, creating an ideal space for gatherings. The formal dining room offers a refined setting for special occasions, while the breakfast area invites casual meals bathed in natural light. Retreat to the primary suite, a sanctuary of tranquility featuring a luxurious soaking tub and a spacious walk-in closet. The fully finished basement, complete with a wet/dry bar and provides additional living space for entertainment or relaxation, with convenient access to the outdoors. The exterior of the property is equally impressive, showcasing extensive hardscape, stone retaining walls, back to a lush wooded area. Enjoy the tranquility of nature from your deck or porch, perfect for morning coffee or evening gatherings. The secluded lot offers a premium setting, with a sloping terrain that enhances the scenic vistas of the surrounding trees and woods. Parking is a breeze with an attached rear-entry garage accommodating two vehicles, complemented by a spacious driveway. This home is not just a residence; it's a lifestyle, offering a perfect blend of luxury, comfort, and privacy in a picturesque setting. Experience the joy of living in a home that truly embodies elegance and warmth. Opportunity to save an have an assumable FHA loan of 5.5%!!
Source: BRIGHT #VALO2107924
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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.