3920 Oak St Fairfax, VA 22030
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About this home
****3% VA ASSUMABLE LOAN AVAILABLE****Sell the car as you won't need it to get to everything imaginable in Fairfax City! Lovingly cared for and updated 3 bedroom/3.5 bath semi-detached home (only attached at the garage) on a large fenced 9,000+ sf ft lot that is a gardeners dream with a fig tree, oak tree, pear tree, cherry tree, magnolia tree, raspberries, asparagus, dahlias and roses. Inside you will find almost 3,100 sq ft finished on 3 levels. Forget vertical town home living and live in a home that looks, feels and lives like a single family home BUT at a town home price! Actually this home is surrounded by $1 MILLION TOWN HOMES!!! Main level features hardwood floors in the entry foyer, 1/2 bath and hall - separate living room, formal dining room with chair moulding, updated eat-in kitchen with hardwood floors, granite counters, 42 inch cabinets and recessed lighting. Lastly, the main level features an inviting family room with hardwood floors, fireplace and custom built ins. Upper level boasts 3 large bedrooms and 2 full bathrooms. Master suite is generously sized with a large full bathroom with soaking tub and separate shower. Fully finished lower level with designer carpeting, full bathroom and large recreation room. The exterior boasts a large rear deck that looks out over the beautifully landscaped and fenced rear yard. Garage has a service door to rear yard as well. Recent change outs include the roof, awning in rear and 6 ft privacy fence. Extra storage shelving in basement and garage. This home is turnkey and ready for the pickiest of buyers and the location is unmatched. 1/2 block away from countless restaurants, shops, grocery stores. Just a couple minutes drive to the Route 29/50 corridor and Route 66. Very close to GMU and Old Town Fairfax too. Community park with playground, areas for pet owners, baseball field & more across the street! It doesn't get much better than this so hurry by before it's too late!
Source: BRIGHT #VAFC2007178
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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.