1802 Freeman St Hopewell, VA 23860
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About this home
Where comfort meets convenience in a serene setting! This inviting 3 bedroom, 1.5 bath home offers an open concept design perfect for everyday living and entertaining. The spacious living room flows seamlessly into the kitchen, where granite countertops, a stainless apron-front sink, and a center island create a space that’s both stylish and functional. The eat-in area, illuminated by a ceiling light fixture, provides the perfect spot for casual dining, while access to the back porch invites you to relax and enjoy the peaceful view of the woods. LVP flooring extends throughout the home, offering durability and easy maintenance that complements its modern appeal. A center hallway leads to three comfortable bedrooms, each thoughtfully designed. The primary bedroom features a walk-in closet and a private half bath, while the additional bedrooms include generous closet space, one with two closets, and share a convenient hall bath. Fresh paint in all bedrooms and the half bath, along with updates like a new ceiling fan and exhaust fan/light, make this home move-in ready. Situated in a quiet Hopewell neighborhood, this home is just minutes from I-295, the scenic Hopewell Riverwalk, and the historic charm of Old City Point. Shopping, schools, and other amenities are also close by, making everyday life convenient and enjoyable. Come see how easily you can make this lovely home your own, schedule your tour today!
Source: CENTRALVIRGINIA #2529423
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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.