201 N 12th Ave Hopewell, VA 23860
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About this home
Welcome to this masterfully renovated home at 201 North 12th Avenue, situated on a spacious corner lot in the heart of Hopewell, VA. As you step into this abode, you are immediately greeted by the lustrous sheen of meticulously laid hardwood floors that run throughout the main living spaces, harmoniously blending with the natural light that pours in from the windows. The heart of the home is the kitchen, modernized with precision to cater to both culinarians and those with an eye for design. It boasts sleek, recessed lighting that highlights the contemporary cabinetry and stainless steel appliances. The expansive countertops offer abundant space for meal preparation, while the tile backsplash adds a subtle yet elegant touch to the aesthetic. A discreet walkway leads from the kitchen to the adjoining rooms, showcasing a layout that marries form and function. Just beyond the main structure, the outdoor living area is a testament to leisure and privacy. The extensive deck serves as an extended living space, perfect for entertaining or as a tranquil retreat. The surrounding privacy fence encapsulates the serene ambiance, creating an intimate environment for relaxation or celebration amidst the open skies. Transitioning back inside to the living quarters, the vast primary bedroom serves as a sanctuary of comfort. The room’s significant scale allows for a multitude of configurations, augmented by a walk-in closet designed for organization and ease. This commitment to excellence is echoed in the essential updates throughout the home, including a new HVAC system, new siding, a newer roof, as well as comprehensive plumbing and electrical overhauls, ensuring a perfect blend of contemporary living and timeless reliability. This property is not just a house but a home tailored for modern life, promising a synthesis of luxury, comfort, and convenience.
Source: CENTRALVIRGINIA #2512259
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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.