7603 Scottsdale Way Prince George, VA 23875
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About this home
***REDUCED***Priced for sell quick with no further inspections. Property is shown by appt only due to shift work. Huge substantial home, situated in the picturesque Prince George County, this property offers a tranquil retreat on over five acres of pristine country land w/ fruit trees not to mention a hunter's delight. The location delivers the ideal balance of seclusion and convenience, allowing for a serene lifestyle while remaining within easy reach of Ft. Lee and essential amenities. For those who value accessibility, hwy 295, 95, and 288 are nearby, streamlining commutes and enhancing connectivity. The home promises a peaceful environment, making it an idyllic setting for nature enthusiasts. Potential buyers have the opportunity to experience both privacy and proximity. The spacious ranch-style residence, exudes charm and functionality, featuring a well-appointed great room as its centerpiece. It is ensuring that potential homeowners can envision creating cherished memories within these walls. Highlighting the outdoor amenities, the covered patio provides an inviting space for outdoor relaxation, shielded from the elements, making it ideal for entertaining or enjoying solitary moments in harmony with nature. The whole house attic fan effectively maintains comfort throughout warmer months. A playhouse with a loft encourages imaginative play for children, complemented by a charming chicken coop. The deck off the primary bedroom invites serene mornings or evenings amidst a parklike landscape. The property offers two separate two-car detached garages. Property is being sold as is! Price has been reduced to compensate for AGED roof, AGED HVAC and AGED Hot Water heater. Property is in need of a sump pump and drainage trench for crawl space protection. All appliances to convey as bonus a Husqvarna Riding Mower and John Deere attachable leaf rake too.
Source: CENTRALVIRGINIA #2520194
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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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