20710 River Rd Chesterfield, VA 23838
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About this home
Welcome to this custom Winnabow floorplan home, designed by William Poole—a Cape Cod-style house with craftsman finishes and a country-style front porch overlooking your private, stocked pond. Step inside to find a formal dining room with board-and-batten trim and hardwood floors throughout. The kitchen features granite countertops, a tile backsplash, stainless steel appliances, and a walk-in pantry. The adjacent laundry room offers ample cabinetry, counter space, and a utility sink. The primary suite on the first floor is a true retreat, including a large walk-in closet and a spa bath with a floor-to-ceiling tiled shower, soaking tub, and dual vanity. Also on the main level are two additional bedrooms, one currently used as an office, along with a full bathroom. Ascend the oak-stacked staircase to the second floor, where you'll find two spacious bedrooms, a second full bath, and a walk-in attic with over 720 sq. ft. of unfinished space. Overall, this home has four bedrooms, two full baths, and a dedicated office. Custom windows flood the space with natural light, while EasyOn gutter guards provide low-maintenance convenience. The outdoor living areas stand out, featuring a roof-covered pavilion with plumbing, electric, stained beadboard ceiling, granite finishes, and a stacked-stone fireplace — perfect for cozy evenings. Over 600 sq. ft. of paver and stamped concrete patios extend the entertainment area into the park-like yard, creating a seamless transition. Additional amenities include a half-court basketball court with painted lines, a fenced yard, raised garden beds, and an insulated, drywall-finished shed with power. Mechanical highlights include a tankless water heater, a whole-house generator with an automatic switch, an underground 500-gallon propane tank providing backup heat and powering the generator and hot water heater, a Tesla Level 2 charging receptacle, ADT security with cameras, and an oversized two-car garage equipped with a heater, storage, and workspace.
Source: CENTRALVIRGINIA #2528018
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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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