4440 Dumfries Rd Catlett, VA 20119
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About this home
**Seller Offering Special Interest Rate Buy Down Incentive. See Documents section for Finance Disclaimer and Specifics** Discover the charm of this delightful cottage-style home, nestled on a sprawling 2.87-acre lot that offers both tranquility and adventure. Built in 1954, this residence has been lovingly maintained, making it a perfect retreat for those seeking a blend of comfort and nature. The kitchen is equipped with modern appliances, including a dishwasher, microwave, refrigerator, and stove. Enjoy the luxury of a fully renovated bathroom, complemented by a tub shower, new LVP flooring and sink. The home features beautiful hardwood flooring, enhancing its warmth and character. Natural light floods the interior through vinyl-clad windows, while ceiling fans provide a refreshing breeze throughout the living spaces. The attic offers additional storage, and the unfinished basement presents endless possibilities for customization, whether you envision a workshop, extra living space, or a recreational area. With key system updates completed over the last 12 months, you will hardly notice living on well water due to a UV Filter, Water Conditioning System, New whole house filter, and new direct drain lines trenched away from the home. A brand new tankless water heater will also ensure you never run out of hot water. Outside, the property is a true oasis. The exterior features include a hot tub, perfect for relaxing under the stars, and an outbuilding that can serve as a shed or additional storage. The expansive deck and patio areas invite you to enjoy al fresco dining or morning coffee while soaking in the serene views of the surrounding trees and pond. With 100+ feet of waterfrontage, you have direct access to a private pond, where fishing and floating await just steps from your door. The lot is cleared yet secluded with a nice tree line buffer, providing a perfect balance of privacy and open space. Imagine spending weekends fishing or simply enjoying the peaceful sounds of nature. The property is also equipped with smart security features, including exterior/interior cameras, smoke/carbon detectors, and keyless locks create peace of mind. With a driveway offering ample parking, this home is not just a residence; it's a lifestyle. Embrace the opportunity to own a piece of paradise where nature meets comfort, and create lasting memories in this enchanting cottage. Don't miss your chance to make this dream home your reality! Oh, and only 10 minutes from Gainesville gives you Country Living with City convenience. This one won't last long!
Source: BRIGHT #VAFQ2018342
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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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