3286 Ranson Rd Dillwyn, VA 23936
Your savings
About this home
Spacious, open, inviting, and just for you! On a mostly wooded lot you'll find a 1500 sq foot home with metal roof, fenced back yard, 2 car garage, and shed with overhang. Built in 2018, the homeowners upgraded recently by encapsulating crawlspace, adding tile flooring in bathrooms, installing larger gutters and video security system, enclosing the back yard and adding a fire pit and landscaping around the home. Fresh colors throughout and vaulted ceiling bring you home to relaxation, fun, and joy. Three bedrooms and two baths with large closets for storage add to the value. The kitchen boasts plenty of counter space and a pantry (love!) for entertaining and family time. The attached garage with auto doors sure makes coming in from work or weather a wonderful segue way to HOME. You'll find fun and space for gardening on the deck and in the large, fenced back yard. About 30 minutes to Charlottesville and Farmville, you'll also find an easy drive to Richmond, Lynchburg, and many outdoor adventures, historic sites, and cultural activities. Don't wait! CALL TODAY!
Source: BRIGHT #VABH2000222
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.