2656 Falmouth Ct Woodbridge, VA 22192
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About this home
Welcome to 2656 Falmouth Court, an exceptional opportunity to own a truly unique and expansive home nestled at the end of a peaceful cul-de-sac. This impressive 8 bedroom, 5 bath residence has been completely renovated and is currently configured as three distinct living spaces, and is ideal for savvy investors, multi-generational living, or anyone seeking a luxurious, abundant space and income potential. On the main level, step into a bright, spacious living room that flows seamlessly into the kitchen and dining area—perfect for entertaining or relaxing with family. This level features four bedrooms, three full bathrooms, a washer and dryer, and several inviting living spaces including an expansive sun room and another bonus living room, all with access to an upper-level deck for fresh air and sunshine. Fall in love with the hardwood floors and innumerable other updates the owners have made during their tenure. The lower level features two thoughtfully designed apartment-style living spaces each with a separate entrance. While these units do not have separate permits as rentals, they provide outstanding versatility, whether you're hosting long-term guests, seeking space for multi-generational living, or any other creative use you can think of. The first unit features a spacious two-bedroom layout with a full bathroom, a full kitchen, a living area, walk-in closets, and in-unit washer and dryer. The second unit offers two bedrooms with ample closet space, a full bathroom, a full kitchen, and storage. The lower level also holds a bonus recreation room perfect for an additional entertainment space, lounge area, home gym, or play room. The home boasts many outdoor living spaces, including multiple decks and a large fenced backyard. Pet lovers will appreciate the built-in dog washing station on the upper deck, ideal for keeping things clean after muddy adventures. Additional highlights of this property include a two-car garage with attic storage, a six-car driveway, a detached storage shed, ample indoor storage throughout, and a beautifully landscaped lot with mature trees offering shade and privacy. Whether you're seeking an income-generating investment or a flexible home for a variety of living arrangements, this property delivers endless possibilities. All this just minutes from Potomac Mills, shopping, restaurants, parks, schools and so much more. Outdoor enthusiasts will love nearby Occoquan Regional Park and Occoquan Bay National Wildlife Refuge. And for commuters, you're just a short drive to I-95 or the VRE, offering easy access to Quantico, Fort Belvoir, DC and beyond. Don't miss this one-of-a-kind property that combines peaceful suburban living with incredible versatility and value.
Source: BRIGHT #VAPW2098032
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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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