4205 Country Spring Ln North Chesterfield, VA 23236
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About this home
Welcome home to Fernbrook, a charming established neighborhood off Fordham Road! This 3-bedroom, 2.5-bath Colonial offers 1,752 sq ft of comfortable living space and a peaceful setting surrounded by mature trees and the sounds of nature. Built in 1984, this home features timeless character throughout. Step inside to find new light fixtures, LVP flooring in the dining room, living room, and kitchen, and classic details like chair rail and crown molding. The living room boasts a brick wood-burning fireplace, ceiling fan, and French doors leading to the screened-in porch, perfect for relaxing evenings. The Florida room provides an abundance of natural light and another set of French doors to the porch—ideal for gatherings or quiet mornings with coffee. The kitchen offers wood cabinets, laminate counters, and an eat-in area overlooking the backyard. Upstairs, you’ll find all three bedrooms with carpet for comfort. The primary suite includes a walk-in closet, ensuite bath with a tub/shower combo, and access to a walk-up attic for storage. The full hall bath features a laundry area for added convenience. Outside, enjoy the large fenced backyard with a spacious wooden deck with gazebo, covered front and side stoops, a detached shed, and paved driveway. The vinyl siding and mature landscape make upkeep simple so you can spend more time enjoying the peaceful setting. This well-loved home is being SOLD AS-IS—ready for you to add your personal touch and make it your own!
Source: CENTRALVIRGINIA #2529060
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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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