1301 Hawkins Wood Cir Midlothian, VA 23114
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About this home
Welcome to 1301 Hawkins Wood Circle in the The Grove neighborhood of Midlothian. This move-in ready vinyl-sided basement home consists of 6 bedrooms & 3.5 bathrooms over 3,459 sqft of finished living space over 3 levels w/ walk-up roughed-in attic that can be finished for an additional 1000+ sqft (perfect for multi-generational families). Upon entering, you are greeted with hardwood floors & crown moulding in the foyer and formal living room. The oversized formal dining room is ready for entertaining family during the holidays with tray ceiling, chair rail & crown mouldings. The open-concept eat-in kitchen has a pantry, breakfast bar & recessed lighting and flows into the family room with gas fireplace & walk-out access to the private rear deck. The finished basement features a large entertaining space/rec room (perfect for football on Sundays or kids space) with an additional fireplace, wet bar, full bathroom, ample storage & a flexible guest bedroom space. The 2nd floor of the home is is highlighted with a primary bedroom w/ ensuite bathroom & a large walk-in closet. This level of the home is completed with 3 additional bedrooms, a hallway full bathroom & 2nd floor laundry room (washer/dryer convey). The interior of the home is completed with a full walk-up attic that is roughed-in for an additional full bathroom & can be finished for more sqft for the growing family - bring your contractor & vision! The home features a 2-car attached garage with pedestrian door access and room for storage/workshop. The current owners recently completed a full redesign of the front porch, rear deck & patio space by adding all Trex decking & deck rail with a beautiful stone paver patio w/ fireplace overlooking the backyard. The large .54 acre lot backs up to mature trees & a tranquil stream that kids and pets love to play around. The Grove HOA includes a clubhouse, pool, trails, playground, pond access & a sports field in the yearly dues. Close to everything Midlothian has to offer w/ top schools & endless shopping.
Source: CENTRALVIRGINIA #2528302
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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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