3016 Lusitania Dr Stafford, VA 22554
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About this home
Take advantage of a possible VA assumable loan at an attractive 2.85% interest rate (for qualified buyers). Step inside this bright and inviting colonial in The Harbor, one of Stafford’s most desirable communities, where warmth and charm welcome you at every turn. This neighborhood is celebrated for its peaceful setting, natural beauty, and resort-style amenities. Residents enjoy the security of gated entrances, access to their own private riverfront, and equestrian facilities, making it an ideal location for outdoor enthusiasts and those who appreciate a touch of country luxury. The Harbor also offers scenic walking and riding trails, community open spaces, and a true sense of privacy while still being just minutes from major commuter routes, shopping, dining, and highly rated schools. Inside, the home features beautiful hardwood floors that flow throughout, adding a timeless touch to the open and comfortable layout. Mornings are filled with natural light streaming through the windows as you enjoy coffee in your cozy kitchen, and evenings invite relaxation in the spacious living area or hosting gatherings that flow easily from room to room. Outside, the level lot provides the perfect space for outdoor fun, gardening, or simply unwinding in the fresh air. Offering comfort, character, and everyday ease in a location that perfectly balances convenience and tranquility, this home is truly a rare find—especially with the opportunity to assume a low-rate VA loan and make The Harbor your new home.
Source: BRIGHT #VAST2043356
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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.