8022 Buford Cmns North Chesterfield, VA 23235
Your savings
About this home
Welcome to this 2 bedroom and 2 full bath townhome nestled in the Buford community offering comfort, convenience, and smart updates. Step inside and you'll appreciate the NEW LVP flooring throughout. This home offers a flexible layout that includes a first-floor primary suite with a full ensuite bath with a tiled walk-in shower. The renovated kitchen features new cabinets, solid countertops, newer appliances (2018), including fridge to convey, and an attached dining space with new LVP flooring. The two-story family room features a skylight, a wood-burning fireplace, and a glass door that leads out onto the rear deck, extending the living space outdoors. Find a convenient detached storage closet on the deck. Completing the first level is a laundry closet with more storage. Upstairs, a second primary suite includes an ensuite bath with updated tile flooring. This home offers two assigned parking spots directly in front of the home and additional unassigned spaces nearby for guests. Major updates add to the value of this home, including a new HVAC system (2018), Pella windows (2019), new carpet on the stairs, newer kitchen and bathroom renovations, and new LVP flooring. Located in a sought-after area close to shopping, dining, and commuter routes, this move-in-ready home is one you won’t want to miss!
Source: CENTRALVIRGINIA #2527982
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.