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1201 W Broadway, Hopewell, VA 23860
4 beds · 2 baths · 1,230 sqft
A truly unique, cottage-style bungalow with a low-maintenance exterior is now available! Outfitted with durable vinyl siding, brand new roof, and energy-efficient vinyl windows, this charming home stands out. Pull into the newly paved driveway and take in the expansive lot. Step inside the front door and you're welcomed by a classic shotgun layout that feels open and airy, highlighted by soaring 9+ foot ceilings, timeless character, gleaming hardwood floors, and recessed lighting. The formal living area flows seamlessly into a show-stopping kitchen, anchored by a massive island that’s perfect for entertaining. Featuring brand-new white cabinetry, sleek granite countertops, and stainless steel appliances, this kitchen is truly one of a kind. The open-concept dining area adapts easily to either a cozy or large table setup. The front bedroom is generously sized—perfect for guests or family. The primary suite features a newly renovated ensuite bathroom with modern tile work and stylish finishes. Tucked away for added privacy, the third bedroom works great as a nursery or home office, while the fourth bedroom offers an ideal retreat for visitors or extended family. A dedicated laundry/utility room adds convenience to everyday living. Step outside to enjoy a cozy covered porch that overlooks the spacious lot and side yard—an ideal setting for a future garage or carriage house.
Source: CENTRALVIRGINIA #2513097
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CENTRALVIRGINIA #2513097
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.
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