Potomac Shores Brookfield Homes Resale Home goes                        Under Contract quickly.

It had a VA Assumable Loan with a low interest rate.

Located at 2764 Cockspur Lane in Dumfries Virginia. What made this home so appealing to the buyer was the low VA Assumable Loan. This saves the home buyer a great deal of money on the monthly payment by assuming the seller existing VA LOAN and the buyer puts their cerificate of eligibilty in place of the sellers so they can move and no longer be responsible for that home.

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So this one was snapped up quickly. That said, just k now the VA Assumption process is not a fast one.  Depending on who the servicer is for the mortgage will dictate how long the process will take.  On average is can take 45 -90 days for a loan to be assumed. The reason the process is so slow. These servicers do not make any money on the assumptions, so there is no incentive to get them closed. It is that simple. 

Fingers crossed we  have been told this home should go to closing in early April. So that will just a little over the 90 days!

This is what $850,000 will buy you in Potomac Shores Dumffries Virginia.

Click here to learn more about 2764 Cockspur Lane, Dumfries Virginia 22026

If you have any questions about this home or any home you drive by, just give me a call. 703-801-9367. I am Patty Blackwelder and I live and work in Potomac Shores daily.