510 Jade Rd North Chesterfield, VA 23236
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About this home
Don't miss this wonderful 3-bedroom 2-bath rancher in the James River High School area of Chesterfield! This Brookfield neighborhood home has vinyl siding with a newly installed roof creating an easy maintenance property for years to come. Through the front entrance, you walk into your open foyer/living room with a large bay window for lots of natural sunlight. To the right of the living room, you will find a dining room with chair rail molding. As you move to the back of the home you will find an amazing kitchen with espresso-colored cabinets, granite countertops and tile backsplash. The kitchen is open to a large family room with a fireplace. There is a separate laundry/mud room with an exit to the back yard off the other side of the kitchen. Down the main hallway to the other end of the home, you will find the primary bedroom complete with an ensuite full bathroom. Off the same hallway leading to the primary suite, you will find two additional bedrooms with another full bathroom. Hard surface flooring, ceiling fans in the kitchen, family room and all three bedrooms and fresh paint throughout the home. This home is truly move in ready!! The exterior of the home has a fully fenced rear yard and off-street parking. The refrigerator conveys with the home. Schedule a showing today! Thank you for your interest in the property!
Source: CENTRALVIRGINIA #2520334
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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.