8011 Treasure Tree Ct Springfield, VA 22153
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About this home
Nestled in the serene community of Newington Forest, this charming detached residence offers a perfect blend of comfort and elegance. With three spacious bedrooms and two and a half bathrooms, this home is designed for both relaxation and entertaining. The home has been renovated with granite countertops, new carpet and flooring, and freshly painted. Step inside to discover a warm and inviting atmosphere, highlighted by a cozy fireplace that serves as the heart of the living space in the lower level. Imagine curling up with a good book or enjoying intimate gatherings with loved ones in this beautifully serene backyard. The open layout seamlessly connects the living room to the dining space, creating an ideal flow for entertaining. The kitchen is a culinary enthusiast's dream, featuring stainless steel appliances, including a microwave, stove, and refrigerator. All new within a few years, the sump pump, water heater, HVAC, and roof. Whether you're preparing a gourmet meal or a quick snack, this kitchen is equipped to handle it all with style and efficiency. As you explore the home, you'll appreciate the well-maintained exterior, adorned with durable vinyl siding that enhances its curb appeal. Picture yourself sipping morning coffee on the deck, surrounded by the beauty of nature. The attached front-entry garage offers convenience and ample storage, ensuring that your vehicles and belongings are secure and easily accessible. Spend more time enjoying the peaceful surroundings and the vibrant community. This residence is not just a house; it's a lifestyle. Whether you're hosting a summer barbecue in the backyard or enjoying a quiet evening by the fireplace, this home is designed to cater to your every need. Embrace the exclusive lifestyle that comes with living in Springfield. VA Assumable Loan available 2.75%.
Source: BRIGHT #VAFX2268528
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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.