4112 Old Exchange Pl Midlothian, VA 23112
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About this home
Beautiful Home in Sought-After Chesterfield County. Welcome to this well-maintained single family home nestled in a desirable Chesterfield County neighborhood. Offering 4 spacious bedrooms, 3.5 bathrooms and over 3000 sq ft of living space, this home combines classic charm with modern updates-perfect for comfortable everyday living and elegant entertaining. Step inside to 9-foot ceilings and stunning hardwood floors throughout most of the main level. The formal living and dining rooms create a timeless feel, while the open-concept eat-in kitchen flows seamlessly into the cozy family room (carpeted) featuring a gas fireplace-ideal for gatherings and relaxing nights in. Upstairs, the second floor features all 4 bedrooms, including a generous primary suite complete with a walk-in closet and a luxurious en-suite bath with a soaking tub and walk-in shower. The third floor offers even more flexibility with a full bathroom, walk-in closet and additional storage space. Perfect for a home office, guest suite or media room. Outside, enjoy fenced backyard with a newer deck (2024)-perfect for entertaining or quiet evenings. Additional highlights include a two car garage, the brand new roof (2024), newer refrigerator (2023), under the cabinet microwave (2022) and two HVAC units-one of which is newer (2019) for added peace of mind. Don’t miss your chance to own this spacious and beautiful home in one of Chesterfield's most convenient and family friendly areas. Schedule your private tour soon!
Source: CENTRALVIRGINIA #2526656
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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.