1504 Brookdale Ct Winchester, VA 22601
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About this home
This home generates income from solar energy sales averaging over $2k a year! The Solar panels and system are OWNED by the homeowner NOT leased. There are no monthly fees or payments for the system. System is “Grandfathered” with a licensing agreement that allows homeowner to sell excess electricity produced. Lower your energy costs and receive cash earnings! Recent updates over $40k in this impressive 5,250 finished sq ft 5BR/3.5BA home. Located in the heart of Winchester near walking trails, the Museum of the Shenandoah Valley, the Hospital and historic downtown, this home is ready for you to make your own statement! Upper level deck and covered lower level provide year round outside entertaining! Gourmet kitchen, coffered ceiling, floor-to-ceiling stone fireplace, quartz countertops, stainless steel appliances, cooktop, and wall oven. Main level office with French doors, formal living and dining rooms. Luxurious primary suite offers two walk-in closets, custom built-ins, sitting area, and a newly renovated $40K spa bath with heated floors and dual-head frameless glass shower. Upper level includes 3 additional bedrooms including a junior primary suite and secondary bedrooms with Jack-and-Jill bathroom. The potential 5th bedroom is in the basement with an adjoining full bathroom. Finished walk-out basement with bay window, rec room, 5th BR/office, pool room with cork flooring, and semi-finished workout space. Mature landscaping creates natural privacy, plus upper deck and covered patio.
Source: BRIGHT #VAWI2007968
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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.