1024 W South Blvd, Petersburg, VA 23805
4 beds · 2 baths · 1,833 sqft
Don't miss this opportunity to own a beautifully renovated home in the Historic Walnut Hill Community of Petersburg, VA! This spacious 2,233 sqft home was completely renovated in 2019 and has been meticulously maintained, ready for its next proud owner. Step inside and be greeted by stunning original hardwood floors that flow throughout both the first and second levels. The home is filled with natural light, making the generous living and dining areas perfect for entertaining or hosting large family gatherings. The kitchen is a dream for any home chef—functional and roomy, with all appliances purchased new in 2019. Upstairs, you'll find four comfortable bedrooms, including a large primary suite featuring a private bath. The suite adjoins a second bedroom, ideal for use as a nursery, office, or home gym. Two additional bedrooms and a full hallway bathroom complete the second level. For outdoor enjoyment, relax on the screened-in back porch just off the kitchen—perfect for morning coffee or evening unwinding. Additional features include off-street parking and a detached two-car garage for added convenience. Come take a look.
Source: CENTRALVIRGINIA #2513364
Source: CENTRALVIRGINIA #2513364
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.