2370 Yardarm Dr Greenbackville, VA 23356
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About this home
Welcome to your dream home nestled in the highly sought-after Captains Cove community, where coastal charm meets modern elegance. This captivating 3-bedroom, 2.5-bathroom Cape Cod-style residence promises comfort and sophistication across its thoughtfully designed floor plan. The spacious living room, adorned with chic LVP floors, provides the perfect setting for relaxation and entertainment. Adjacent, a dining area flows effortlessly into a well-appointed kitchen, featuring a convenient breakfast bar that seamlessly integrates with the living room. Equipped with sleek stainless appliances and two pantry closets, this kitchen is a culinary enthusiast's delight. Tucked away on the first floor, the primary bedroom offers serene privacy, boasting an ensuite bathroom with a luxurious soaking tub and a walk-in shower—a perfect retreat after a long day. A mud room/laundry room and a handy half-bath complete the main level's functional layout. Venture upstairs to discover two generously sized bedrooms, offering ample space and versatility. A full bathroom with elegant tile floors and a stunning Palladium window invites natural light, creating an ambiance of tranquility. Step outside to enjoy the expansive rear deck and inviting patio, ideal for alfresco dining and entertaining under the stars. A large shed provides excellent storage solutions for all your outdoor essentials and hobbies. This exceptional home harmonizes timeless style with contemporary comforts, ensuring a lifestyle of convenience and leisure in a vibrant and friendly community. Don't miss your opportunity to own this captivating Cape Cod gem. Septic drainfield was replaced in 2024
Source: BRIGHT #VAAC2001916
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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.