Welcome home to effortless style and meticulous care in the heart of Chester, Va. This beautifully maintained four-bedroom, two-and-a-half-bath residence is impeccably decorated and thoughtfully designed, offering everyday comfort and polished presentation. From the moment you step inside, you’ll notice the light-filled living spaces, neutral palette, glistening hardwoods, and finishes that feel current yet timeless — nothing to fix, nothing to apologize for. Immaculately clean and move-in ready, the home shows like a model and reflects pride of ownership. The main level offers an inviting flow, ideal for both daily living & entertaining. The well-appointed kitchen serves as the heart of the home, featuring ample cabinetry, generous granite counter space, high-end Bespoke appliances, and a large center island. Just off the kitchen, the sun-filled morning room features a wall of windows overlooking the rear yard, creating the perfect space to start or end your day. A warm and inviting family room features built-in cabinetry flanking the fireplace, offering both storage and a beautiful focal point. Upstairs, the spacious primary suite provides a true retreat with a private luxury bath and two walk-in closets, while three additional bedrooms offer flexibility for guests, home offices, or growing households. The second-level loft adds valuable extra living space, currently used as a casual lounge and TV retreat. Newer upgraded carpeting throughout the upper level adds exceptional comfort. Thoughtful touches throughout include custom shelving, raised wainscoting, and detailed moldings. Outside, enjoy a private backyard ready for grilling, relaxing, or play. The above-ground pool may convey or be removed at the buyer’s preference. A fenced yard, garden areas, multi-level deck, and pergola offer endless possibilities for outdoor living. Conveniently located near shopping, dining, schools, parks, and major commuter routes, this home delivers move-in-ready ease and peace of mind — the kind buyers recognize immediately.
10912 Oak Arbor Ter, Chester, VA 23831
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
