17715 Elko Rd
South Chesterfield, VA 23803
4 beds · 3 baths · 2,552 sqft
$475,000
Get prequalified17715 Elko Rd
South Chesterfield, VA 23803
4 beds · 3 baths · 2,552 sqft
$475,000
Get prequalified10K price drop on A Rare Find!!!!! Country property just minutes from Chester and Colonial Heights. Country living to satisfy the need but short drive to shop. 2522 sf Rancher w/attached twin bay 2 car garage. Detached 2 car garage, workshop, open equipment bay, attached storage shed, Boat/RV port. All roofs 5 yrs app. Over 100K in updates & renovations. New Kitchen 3 yrs cabinets, porcelain tile, pendant lights, backsplash, bar, granite counter tops and appliances. Kitchen leads to formal dining room on one side and living area w/fireplace on other. Open concept. French doors open to deck. Hardwood floors finished with 3 coats of poly. 4 Bedrooms. 3 carpet 1 hardwood. 2 ½ baths. Hall bath fully renovated 3 years. Back of kitchen leads to large pantry and huge family room with fireplace #2. Room has wet bar, recessed lighting, Wall and ceiling beams w/Tudor look. Room to gather & enjoy the game on the big screen while others enjoy the peace and relaxation on the other side of the house. Brick cooking pit just outside the door. 2 heat pumps 1 is 2021. Septic in front if want pool in back. This ranch really is a large rare find. Peaceful country living just minutes from everything. You have to see it to truly appreciate it!!!!
Source: CENTRALVIRGINIA #2430438
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.