14854 Mason Creek Cir Woodbridge, VA 22191
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About this home
Investor Opportunity – Tenant in Place Through August 2026. This 3-bedroom, 2.5-bath, two-level townhome-style condo with a 1-car garage is a perfect turnkey investment. Currently leased at $2,700 per month through August 2026, it offers immediate rental income with a long-term tenant already secured. The main level features an open-concept layout with 9’ ceilings, LED recessed lighting, and a versatile living/dining area. The gourmet kitchen includes a center island with breakfast bar, granite countertops, 42” maple cabinetry, stainless steel appliances, and under-cabinet lighting. A powder room and garage access complete the first floor. Upstairs, you’ll find hardwood flooring in the hallway, a convenient laundry closet with front-load washer and dryer, and a primary suite with two walk-in closets, a ceiling fan with light, and a private bath featuring a step-in shower, water closet, and back-saver height vanity. Two additional bedrooms (one with a private balcony) share a full hall bath. End-unit location with extra windows and abundant natural light, hardwood staircase and upgraded finishes, oversized 1-car garage with opener, keypad, and storage space, convenient location close to shops, dining, and commuter routes. This property must be sold to an investor due to the lease terms. An excellent opportunity to own a well-maintained, income-producing home with strong rental potential.
Source: BRIGHT #VAPW2104034
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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.
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