2840 Saratoga Dr Winchester, VA 22601
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About this home
Welcome to your dream home in Winchester! This stunning 5 bedroom, 3.5 bath residence sits on a generous half-acre lot, offering both space and privacy. The heart of the home is a modern gourmet kitchen featuring elegant granite countertops, and new stainless steel appliances installed within the last five years. With spacious living areas and a thoughtful layout, this home is perfect for both entertaining and everyday living. This beautifully maintained property offers a spacious floor plan featuring a large family room with cozy fireplace, a formal dining room, and gleaming hardwood floors throughout the main level. The main level features a generous primary suite with his and hers walk-in closets and private spa bath including full-size shower and garden jetted tub with a skylight above. Also on the main level is a second bedroom/office space, an additional full bath, and a convenient laundry room. Upstairs, you'll find three additional large bedrooms, a full bath, plenty of storage space throughout, and an additional room perfect for a TV room, gaming, or exercise equipment. Enjoy outdoor living at its best with a newly-resurfaced in-ground 10-foot deep gunite pool, fenced backyard, and level 0.57 acre lot. The property also includes a large detached garage with extra storage and a floored upper level, an oversized storage shed with electric, and an extra-wide driveway ideal for multiple vehicles or an RV. The original garage has been converted to a truly awesome game room that has entrances leading to the home and to the pool patio area. A Sunsetter awning will have you relaxing in the shade while you enjoy the peaceful beauty of life in this quiet neighborhood. Conveniently located near major routes (Rts. 11, 37, 50, and Interstate 81), shopping, and banking. The spacious, fully-fenced yard includes a playground for the children or grandchildren. This home combines comfort, space, and location in one impressive package.
Source: BRIGHT #VAWI2009328
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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.