500 Quail Dr Winchester, VA 22602
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About this home
🏡 500 Quail Dr, Winchester, VA – Beautifully Maintained 4 BR Home in Scenic Virginia Nestled in one of the most picturesque areas of Virginia, this spacious 4-bedroom, 3.5-bathroom home offers the perfect blend of charm, comfort, and convenience. Located just minutes from Interstate 81, you’ll enjoy easy access to commuting routes while still savoring the peace and beauty of your surroundings. Step inside to find a thoughtfully maintained interior with multiple updates and a warm, inviting atmosphere. The home boasts two heating systems for year-round comfort: a propane gas furnace for the downstairs and basement, and a heat pump for the upstairs (replaced just 5 years ago). Additional recent improvements include: New Carpet in basement and upstairs. House has been completed repainted. New roof (1.5 years old) New deck (1.5 years old) with 2-inch deck boards, perfect for entertaining or relaxing outdoors Water heater (3 years old) Well pressure tank (5 years old) The property shines outdoors with features designed for both enjoyment and practicality: Above-ground pool for summer fun Greenhouse for year-round gardening Two storage sheds for all your tools and hobbies With mature landscaping and mountain views nearby, the setting is truly a slice of Virginia’s natural beauty. This is a home where you can breathe deeply, spread out, and enjoy both modern comforts and country charm. Property is being sold together with additional lot of land for a total of .77 acres. Don’t miss your chance to own this beautiful property.
Source: BRIGHT #VAFV2036194
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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.