2611 O St Richmond, VA 23223
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About this home
Step into this newly updated home where historic charm meets thoughtful living spaces. The first floor welcomes you with a bright living room featuring a decorative brick fireplace and tall windows that flood the space with natural light. The eat-in kitchen is appointed with quartz countertops, ceramic backsplash, stainless steel appliances, a pantry, and recessed lighting. The kitchen seamlessly connects to a utility room with a conveying washer and dryer and a convenient half bath. The first-floor bedroom features an ensuite bath, walk-in closet, and deck access—perfect for guests, a convenient first-floor primary, or a private home office. Upstairs, three additional bedrooms provide ample space for family or work-from-home needs. The front primary bedroom is filled with light and features an exposed brick fireplace with a large double closet. The other two bedrooms are spacious with large closets, a rare find in these historic homes. The hall bath features a tub/shower combo and a new dual vanity with quartz counters. All new LVP floors, fresh paint, and updated deck stairs enhance the home’s modern appeal and give you a fresh start to bring your design and inspiration without the need for costly updates. Step outside to enjoy a fenced backyard, patio area, and raised garden boxes, perfect for relaxing or entertaining. Located in the heart of Church Hill, this home provides easy access to I95, while offering quick access to local parks, historical sites, shops, and dining. Walk to Sub Rosa, Union Market, The Roosevelt, Chimborazo, Libby Hill or Jefferson Park. Come experience a space designed for both comfort and lifestyle!
Source: CENTRALVIRGINIA #2527745
Neighborhood
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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.