Beautifully renovated home in The Grove – move-in ready and designed for easy first-floor living! Welcome to 13924 Krim Point Road, a beautifully updated home in the sought-after Krim Point section of The Grove at Midlothian. With more than $60,000 in recent upgrades, this home blends modern style with everyday comfort — all in one of Midlothian’s most convenient and community-oriented neighborhoods. Step inside to find wide-plank luxury vinyl flooring and fresh neutral paint throughout the main level. The fully renovated kitchen will impress any cook, featuring new stainless steel appliances, granite countertops, stylish fixtures, and a beautiful tile backsplash. The open-concept layout flows easily from the kitchen to the dining area and spacious family room, perfect for gathering with friends or relaxing at home. The first-floor primary suite offers privacy and comfort, complete with an updated ensuite bath showcasing a new tile-and-glass shower, upgraded countertops, and a custom linen closet. A flexible formal room near the entry can serve as a home office, living room, or guest space. Upstairs, you’ll find two additional bedrooms, a shared full bath, and a large walk-in insulated storage room — perfect for seasonal décor or a future hobby space. Enjoy your morning coffee on the sunny patio overlooking a fenced backyard, and let the HOA take care of yard maintenance and trash pickup so you can spend more time enjoying life. The Grove offers outstanding amenities, including a community pool, clubhouse, pocket parks, and miles of paved walking trails that connect to Midlothian Mines Park. You’ll love the unbeatable location — just minutes from the YMCA, Midlothian Library, shopping, dining, medical offices, and easy interstate access. If you’ve been looking for a move-in ready home with first-floor living and modern upgrades in the heart of Midlothian, this is the one you’ve been waiting for.
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.
