8339 Middle Ruddings Dr Lorton, VA 22079
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About this home
Your new dream home is located in highly sought after Lorton Valley community. Upon entering, you are greeted by a light-filled open floor concept. The heart of this home is the open kitchen with a bright breakfast family room area and flows effortlessly to the family room, this is a great space for entertaining and family gatherings. The main level also offers a dining area off the kitchen for a more formal setting that opens to a formal living room with elegant pillars to showcase this room. The large Primary bedroom offers a large walk-in closet and additional closet space along with an ensuite bath with walk-in shower and soaking tub to enjoy after long days. There are an additional 3 well appointed bedrooms, hall bath and laundry room finish the upper level. The lower level provides tons of opportunities with a finished rec room to enjoy sports or movies, a bonus room with bamboo flooring and mirrors for a dance room or great space for workout room, along with a full bath. Enjoy evenings outside on your brick patio for barbecues and gatherings. Minutes to I-95, the VRE, Fort Belvoir, Occoquan, and slug lines make this a commuter's dream. Lorton Valley residents enjoy fantastic amenities including a community pool, hot tub, and grilling area, clubhouse with event and entertainment rooms, tot lot, and access to walking and hiking trails. Experience the perfect blend of comfort, style, and location in one of Northern Virginia’s premier communities!
Source: BRIGHT #VAFX2261284
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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.