11506 Glenmont Rd North Chesterfield, VA 23236
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About this home
Welcome to your new happy place! This classic 2-story colonial sits tucked away on a private, partially wooded lot, giving you the perfect mix of charm and elbow room. With 4 bedrooms and 2.5 baths, there’s plenty of space for everyone—whether you need peace, parties, or pajama days. The main level delivers both style and substance: a huge family room with a cozy gas fireplace for movie marathons, plus a formal living and dining room ready for holiday feasts or Tuesday take-out. A generous eat in kitchen with tons of cabinets and counter space finishes off the first floor. Upstairs, the primary suite boasts its own bath and a walk-in closet big enough for all your fashion finds (and those new winter boots you couldn't resist). But wait—there’s more! The partially finished basement features a wood-burning fireplace and endless possibilities: home gym, media room, office, or the world’s fanciest homeschool nook. Storage lovers, rejoice! Between the fully floored pull-down attic and 540 sq. ft. of unfinished basement, you’ve got room for every holiday decoration, heirloom, or random Amazon impulse buy. The rear-loading garage ties it all together. Step outside and sip your sweet tea (or wine—we don’t judge) on the wide country porch out front, or retreat to the screened porch out back to enjoy your own private slice of the outdoors where the bugs can watch you, but they can't bite you. Tucked into a desirable school district and just minutes from shopping, dining, and entertainment, this home shines with potential. This one is just waiting for you to put your own personal stamp on it and call it home.
Source: CENTRALVIRGINIA #2526405
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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.
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