11236 Gwathmey Church Rd Ashland, VA 23005
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About this home
This charming Colonial home, built in 1925, offers a perfect blend of classic elegance and modern comfort. Step inside to discover a warm and inviting interior featuring beautiful wood floors and crown moldings that enhance the home’s character. The spacious family room, complete with a cozy stone fireplace, is perfect for a family movie night. There is an additional family room area, with a wood burning stove that flows seamlessly into the eat-in kitchen, making it ideal for family gatherings. Enjoy leisurely mornings in the breakfast area or unwind in the luxurious bathroom, which boasts a soaking tub and a walk-in shower. The home is equipped with modern appliances, including a built-in microwave, range, and dishwasher, ensuring convenience for everyday living. With three fireplaces throughout, each adorned with charming mantels, you’ll find the perfect spots to curl up with a good book or entertain guests. The private yard, complete with a pond, invites you to enjoy nature right at your doorstep. Nestled on a sprawling 6.25-acre lot, the property is surrounded by lush landscaping and traditional fencing. This hobby farm includes a barn with a feed room, tack room and a run in shelter that is perfect for horses, two large chicken coops, a 10 X 30 chain-link dog run. Zoned for Agriculture use, all farm animals are welcome. Additionally, fruit trees adorn the property to include peach, apple, pear and nectarines, established raspberry and strawberry patches and 5 galvanized garden beds make this property your own personal produce stand. The home backs to serene trees, providing a beautiful place to create lasting memories. The Fall Line trail, one block from the home, runs from Ashland to Henrico, this paved trail is great for walking, biking and running. Charming downtown Ashland, is only 1.5 miles away. Filled with hometown charm you can enjoy great restaurants, live music, weekly farmers markets and seasonal festivals and parades. This residence is not just a house; it is an experience awaiting your arrival!
Source: BRIGHT #VAHA2001072
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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.