4706 Parrish Branch Rd Midlothian, VA 23112
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About this home
NEW ROOF ( Oct 2025)..Welcome to Bailey Ridge Estates – this beautiful 4-bedroom, 2 full baths Cape Cod home is in the heart of Chesterfield, Midlothian Va ! This home offers timeless charm in a well-established neighborhood with a great community feel. This home has Newer windows(2023) , Granite countertops, newly installed bathroom floors and shower and the home has been freshly painted.The HVAC was recently serviced and Seller is offering a 1 Year Home warranty . Inside, you’ll also find spacious living areas, a functional layout, and plenty of natural light—perfect for both everyday living and entertaining. With 4 bedrooms, there’s lots of room for everyone to enjoy. Fenced in rear yard, bring your pups, swing set and more and enjoy private family gatherings. Conveniently located near shopping, dining, parks, and commuter routes, this home will check all your boxes for location and lifestyle. New Roof( 2025) You may also qualify for the first-time homebuyer 100 % programs financing options, and Grants to make owning this home even more affordable! Come out today and let’s make this your new home, with a chance to own a home in one of Chesterfield’s most desirable areas.
Source: CENTRALVIRGINIA #2525374
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Close stress-free in 45 days, handled start to finish by Roam.
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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.