7235 Parchment Cir Ruther Glen, VA 22546
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About this home
Priced to sell in a fabulous location and a beautiful must have home!! Welcome to the beautiful Grand Bahama model home located in the Pendleton golf course subdivision of Caroline County. This pristine home boasts an open floor plan with high ceilings that show the pride in this ownership while also providing a warm, comfortable home environment for the family and friends. The gourmet eat-in kitchen has a bright and polished colored scheme along with a large pantry, and stainless steel appliances connecting to open dining area! Rear of the home offers a nice and well maintained patio and backyard for adults and kids to enjoy while not being too big when it is time to tend to the grass. If you want to add a fence for a bit more privacy. That option is available to explore. After enjoying the openness outback and inside, you can retire to the comforts of 3 generously sized bedrooms with one being the master and having its own private bath, double sinks, and huge walk-in closet! The 2 car garage has good space for large size vehicles and opens to a nice long driveway in the event you have more than two or visitors do not want to park on the street. This home is a wonderful find for any person, couple, or family at any stage of living from just starting out to looking for that friendly, quiet community to take it easy and enjoy a round of golf. You will not be disappointed. You will be amazed!
Source: BRIGHT #VACV2008912
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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.