If you've been looking for a home that has it all — space, updates, and an outdoor setup that will make your neighbors jealous — welcome to 11103 Churchill Ct. Tucked away on a quiet cul-de-sac in the highly sought-after Ascot Pointe community, this 3-bedroom, 2.5-bath Colonial offers 1,910 square feet of thoughtfully lived-in space with big-ticket updates already done for you. Step inside and you'll immediately notice the beautiful floors flowing through the main level, a spacious living room with a stunning stone accent fireplace, and a formal dining room made for holidays and dinner parties. The kitchen is bright and functional with white cabinetry, stainless steel appliances, a bay window breakfast area, and French doors that open right into the sunroom — your new favorite spot morning, noon, and night. Upstairs you'll find three generously sized bedrooms, including a primary suite with a private bath and more than enough closet space to make everyone happy. But Friends, let's talk about the backyard!! I can attest to how this yard was made for family gatherings! There is a covered pergola with string lights, a brick paver patio, a built-in fire pit seating area, a wood deck off the sunroom, a storage shed, and a fully fenced yard. This outdoor space was made for entertaining! Major updates include a new roof (2017), new vinyl siding (2019), an encapsulated crawlspace (2020), and a brand new water heater. The pre-listing inspection & Termite & Moisture Reports have already been completed — sellers have taken exceptional care of this home and it shows. Convenient access to I-95, I-288, Fort Gregg-Adams, and downtown Richmond. Don't sleep on this one — Ascot Pointe homes move fast! Although there are no known defects, appliances and fireplace are being sold "As IS" - inspection report available upon request.
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.
