16 Basket Ct Stafford, VA 22554
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About this home
Welcome to this stunning home in the highly sought-after Austin Ridge subdivision, perfectly situated on a cul-de-sac. This property boasts fantastic curb appeal with a welcoming covered front porch and a new roof installed in 2024. Inside, you'll find a freshly painted, neutral interior and newer carpet on the upper level and dining room. The kitchen is a chef's delight, featuring newer stainless steel appliances, granite countertops, and a convenient island. It opens to a cozy family room with a gas fireplace and has direct access to the rear deck, perfect for indoor-outdoor living. The upper level offers five spacious bedrooms and two full bathrooms. The spacious primary bedroom is a true retreat, complete with two walk-in closets and a beautifully remodeled ensuite bathroom. This luxurious space includes a double vanity, a separate soaking tub, a walk-in shower, and radiant floor heating for ultimate comfort. The finished, walk-out basement provides even more flexible living space. It includes a full bathroom, two storage rooms, 6th bedroom with a walk-in closet, and a recreation room with a sliding door that leads out to the backyard. Don’t miss the murphy bed located in the rec room! The outdoor space is just as impressive. Enjoy a level, fenced backyard, a deck with a built-in covered pergola, a storage shed, and an irrigation system to keep your lawn looking pristine. A two-car garage completes this exceptional home. Commuting is a breeze from this location, with easy access to I-95. The property is less than 5 miles from two commuter lot options as well as the Brooke VRE Station. This home is a perfect blend of comfort, style, and practicality. Don't miss your chance to see it!
Source: BRIGHT #VAST2041956
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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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