1707 Taymount Ter NE Leesburg, VA 20176
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About this home
Welcome to 1707 Taymount Terrace NE - a spacious and renovated end-unit townhome in the sought-after River Pointe community in Leesburg, VA! The home is situated on a fantastic lot that faces a large common area and playground. A newly installed irrigation system allows for lush plants and flower beds to enhance curb appeal. The entrance of the home greets visitors with gorgeous, newly installed, large-format tiles that carry through the lower-level and into the office/bedroom. An abundance of natural light highlights the living spaces and gourmet kitchen on the main-level, as well as the rich, upgraded wide-plank hardwood flooring. The primary suite on the upper-level features a tray ceiling, impressive walk-in closet with closet system and an awe-inspiring, fully renovated en-suite bathroom with stand-alone tub, double vanity and a Brazilian-inspired double walk-in shower. Two other guestrooms, each featuring custom cabinetry, as well as a laundry closet and renovated guest bathroom complete the upper-level. The two-car garage with built-in storage system has plenty of space for two cars and various tools. If you’re in the market for a high-end, updated home in an amazing and convenient location, this is the one for you! A list of the various upgrades these sellers have made to the home can be made available upon request.
Source: BRIGHT #VALO2107302
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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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