40742 Greyhouse Pl Leesburg, VA 20175
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About this home
NEW CARPET JUST INSTALLED! PHOTOS TO BE UPDATED! This gorgeous luxury estate home with 7200+ sq. ft on 4 levels sits in a beautifully landscaped 4.25 acre lot, in the heart of Loudoun County, minutes from Leesburg and convenient to all of Northern Virginia, DC and the DMV. With an abundance of green space, backing onto trees, set in the exclusive Huntleigh at Creighton Farms estates, this 5 bed, 6.5 bath, with additional living and sleeping space, and a bonus suite on the fourth floor, and an in-laws suite on the first floor, lets the tension of life ease away and you relax in your new home. Whether you are working from home, living with an extended family, raising children, or commuting into the capitol, this estate home has it all. Cook or cater in the chef's gourmet kitchen with granite countertops and backsplashes, a large center island and coffee bar, looking out through the sunroom. Warm yourself by the stone gas fireplace, enjoy morning coffee and evening sunsets on the patio. The formal dining room connects to a convenient butler's pantry, perfect for entertaining. The flow of the first floor is perfect for hosting guests or a quiet family evening, with a living room that opens to a bright and airy conversation nook, and large windows brig natural light and picturesque views of the surrounding greenery into the home. Additionally, the first floor includes a walk-in pantry, a mudroom and a first floor in-laws / guest suite with attached full bath, easy access for guests, yet separate from upper living area. The upper level offers four generous bedrooms and exquisite master bedroom, bathroom suite with his and hers walk in closets. This floor includes a separate laundry room with storage. The topmost floor includes a bonus room, ready for guests or an au-pair, as a bonus suite, complete with a full bath and open loft space. The basement level walks up to the back yard, includes tons of space for entertaining, media, exercise and hobbies, featuring an expansive main entertaining area, an exercise room, a hobby room, and storage . The backyard, which truly is an oasis designed for the ultimate relaxation and entertainment, includes a huge hot tub, fire pit, extensive hardscaping and custom patio. Play football, practice soccer, host an event or simply enjoy evenings by the fire pit. The oversized 3-car garage and extended driveway provide more than ample parking, The home has a recently placed three zoned HVAC, and supported by a Generac generator - never worry about outages.
Source: BRIGHT #VALO2106922
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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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