7048 Sauvage Ln Gainesville, VA 20155
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About this home
Offers are due by November 13th. Nicely updated 3-level townhome in the desirable Greenhill Crossing community! This home offers 3 bedrooms, 3 full bathrooms, and a 1-car garage with a full driveway. The homeowner has invested over $40,000 in upgrades, including hardwood floors throughout the entry, stairs, main living room, and upper levels, fresh paint, updated lighting and plumbing fixtures, and a refreshed kitchen with new countertops, sink, and faucet. The main level features a spacious living room that flows through a cased opening into the kitchen and dining area, providing separation while maintaining a connected feel. The kitchen includes an island, a decent amount of cabinets, and counter space, with direct access to the deck. The lower level offers a private room with a door off the entry, full bath, and walk-out to the fenced backyard—perfect for a guest suite or home office. Upstairs, 3 comfortable bedrooms include a primary bedroom with an en-suite bath, and 2 additional bedrooms that share a hall bath. Residents enjoy community amenities along with nearby shops, dining, and commuter routes. With thoughtful upgrades and functional living spaces, this home blends style, comfort, and value in a prime location.
Source: BRIGHT #VAPW2103198
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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.