6720 Southbury Ct Henrico, VA 23231
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About this home
Welcome to 6720 Southbury Court. A lovely spacious 4 bedroom, 2.5 bath home located in a wonderful Henrico neighborhood. This home is nicely priced and ready for its now owners. Enter this home by way of covered front porch and enjoy the charm of the 2-story foyer with tiled flooring and built-in shelving as you walk through foyer. The interior includes an office / sitting room and a formal dining room located as you enter the home. Enter the kitchen that offers a pantry, stainless steel appliances with a view of the adjoining dining area and overlook the spacious family with fireplace. The spacious family room offers great lighting, fireplace, stairs leading to 2nd level, and a door to access the large rear deck. From the kitchen, venture down a few steps and marvel over the oversized recreational room. Great for entertaining with side door access from the outside. This room was built for living space by builder but can be converted back to a 2-car garage if new owner wants. Upstairs offers a large primary suite with ensuite bath (including garden tub and shower) and spacious walk-in closet. There a 3 more spacious bedrooms upstairs. The 4th bedroom is overside and can be used as another primary bedroom or recreational space. All carpets have been professionally cleaned. Also, relax and entertain in the very large fenced in back yard with added solar lighting on the fencing. Also, a gazebo in the rear yard is perfect for just relaxing in the very large back yard. Lastly, plenty of storage space in the spacious storage shed. Home being sold AS-IS. Don't miss out on this opportunity to own this very nice home.
Source: CENTRALVIRGINIA #2529611
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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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