7339 Fougere Pl New Kent, VA 23124
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About this home
Welcome to 7339 Fougere Place, a spacious 4 bedroom, 2.5 bathroom house with 3460 sq ft located in The Arbors of New Kent. This well-designed home offers recessed lighting throughout, LVP flooring on the first floor, and carpet upstairs. The foyer with coat closet opens to an office with french doors and a formal dining room. The open-concept kitchen features a large eat-up island, granite countertops, pantry, refrigerator, microwave, dishwasher, and electric range, and flows into the breakfast nook and family room. The family room offers a comfortable gathering space with carpeted flooring. A half bath completes the first level. Upstairs, the loft provides flexible space along with a spacious primary suite featuring a walk-in closet and en suite bath with double vanity, walk-in shower, and water closet. Three additional bedrooms (one with a walk-in closet) with carpeting. Hallway bathroom with LVP flooring, double vanity, and tub/shower as well as laundry room with washer/dryer completes the upstairs. The basement includes a large finished rec room, plumbing for a full bathroom, and ample storage. Exterior highlights include brick and vinyl siding, covered front stoop, fenced rear yard, landscaping, sidewalk, and concrete parking pad. The 2-car attached garage offers auto door openers. Additional features include gutters, dimensional roof, and thermal windows. Located in a fantastic community with a pool, playground, exercise room, and more. This home is just minutes from New Kent Winery, Viniterra Golf Course, and offers easy access to I-64. Don't miss this one! (VA Assumable Mortgage available at 4.25%)
Source: CENTRALVIRGINIA #2525753
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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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