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12606 S Chester Rd, Chester, VA 23831
3 beds · 2 baths · 3,136 sqft
Rare opportunity!!! The current sellers have an incredibly low assumable VA interest rate of 3.375% saving thousands over the life of the loan! That adds even more value to this beautifully updated all-brick rancher! Perfectly nestled on a meticulously landscaped lot in the heart of Chester, this incredible find offers 3 bedrooms, 2 full bathrooms, and a fully finished basement! The main level features fresh paint and newer luxury vinyl plank flooring throughout. The light-filled living room offers a comfortable space to relax and gather, while the dining room is accented with crown molding, a chair rail detail, and is open to the remodeled kitchen. Renovated in 2016, the kitchen boasts solid cherry cabinetry, soft-close drawers, and a bar-height counter for casual dining. A sliding door leads to the back porch, ideal for indoor-outdoor entertaining and can be used all year-round, complete with windows, a skylight, and a ceiling fan. Down the hall, you'll find two guest bedrooms, a full hall bath updated in 2016, and a primary suite featuring a freshly updated ensuite bath. The fully finished basement expands the living space with two large versatile rooms. One side hosts an expansive family room with a fireplace and wood stove insert, along with a custom built-in bar—perfect for entertaining. The second space can function as a rec room, home gym, media room, or even an additional guest bedroom. Outside, enjoy a spacious and private fenced backyard with an oversized 2.5 car garage for extra storage. Major system updates include a newer HVAC system (2022) and a 50-year roof (2017), offering peace of mind for years to come. Ideally located near Route 10, I-95, shopping, dining, and parks—this move-in-ready home seamlessly combines comfort, style, and convenience. Come see all this home has to offer and schedule your tour today!
Source: CENTRALVIRGINIA #2512290
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 #2512290
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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