12313 Declaration Ave Chester, VA 23836
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About this home
Stunning Lakeview home in sought after Riverfront community 5 bedrooms 3.5 baths 4200sq ft Welcome to the home you've been waiting for! This impeccably maintained beauty offers elegant living w/breathtaking views of the lake & fountain. Step inside to a grand foyer flanked by a formal dining room & living room w stately columns. The private study has French doors. Open floor plan leads to the spacious eat in kitchen featuring a large center island, granite counter tops, ss appliances & pantry. The adjoining morning room is filled w natural light & provides seamless access to the beautifully landscaped back yard w both a deck and stamp concrete patio. Upstairs the luxurious primary suite is a true retreat, complete w a sitting area, his & her walk in closets a spa like ensuite bath w double vanities, garden tub & separate shower. Large secondary bedrooms including 2 with ensuites w nicely appointed baths. You'll love the theater room w wet bar near the secondary staircase that leads to the den w a gorgeous fireplace. Large 2 car garage with shelving and a Private exercise room. This home truly has it ALL! Space, elegance & stunning water views and more! Don't miss the clubhouse with exercise room and stunning pool. Too many great features to list! Don't miss your chance to tour this exceptional property. Schedule your private showing today!
Source: CENTRALVIRGINIA #2517149
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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.