320 Hopkins Dr Boyce, VA 22620
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About this home
OUTSTANDING Colonial style home in the sought after neighborhood of Meadow View in Boyce, VA! A commuters dream with easy access to Route 340 / Route 7 / Route 50!! Homes rarely come on the market in this neighborhood, so do not miss out!! This home stands out by being situated on a corner lot with a beautiful, community greenspace beside! The exterior is a stunning combination of a Stone Front and Vinyl siding, with incredible double balconies that highlight the awesomeness of its charm! The new roof (less than 2 years old) is Architectural Shingles! A whole home humidifier was installed in 2013! New HVAC was installed in 2022! New Water Heater put in 2024! New Furnace in 2022! On the main level of the home, you will find a mixture of wood flooring and some carpet, an oversized living area with a very nice, Propane fireplace that leads into an incredible sized, eat-in kitchen with island, all new appliances and granite counter tops! Double oven and a 5-burner gas cooktop! Disposal! Nice sized laundry room off the kitchen that leads into oversized 2 car garage! Plus, a Butler's Pantry with half bath that heads into the huge dining room! Also, there is a good-sized area beside the living room which would make a wonderful work from home location! Broadband Comcast / Xfinity available! Upstairs, you will love the size of the primary bedroom with Tray Ceilings and primary bath with huge jet tub and separate shower!! The three extra bedrooms are great sized with one more full bath! In the finished basement there is brand new carpet, a huge open area waiting for you to make it your own space, plus a full bath! Plus, some great unfinished spaces for storage! There is over 3500 finished square feet in this home!!! Check out the rear patio with super cute sitting space and fire pit area! Such a wonderful property and great neighborhood that is within walking distance of Boyce Elementary / Clarke County bank / Post Office and the Fire Hall so you can play Bingo!! Contact now for your private appointment!
Source: BRIGHT #VACL2006158
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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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