2504 Stemwell Blvd
North Chesterfield, VA 23236
4 beds · 3 baths · 2,750 sqft
$479,000
Get prequalified2504 Stemwell Blvd
North Chesterfield, VA 23236
4 beds · 3 baths · 2,750 sqft
$479,000
Get prequalifiedlovely home in the sought after Bexley neighborhood of Chesterfield. Upon entering the paved driveway you are met with a 2 car side load garage. Entering the home you are greeted with a 2 story foyer and hardwoods. There is a dining room with dentil/crown molding, chair rail molding and hardwoods on your right and living room w/ crown molding and hardwoods to your left. The family room boasts 2 story vaulted ceilings, a fireplace and open concept to the florida/sun room on the rear of the home with skylights and vaulted ceiling along with the huge kitchen. The kitchen offers an eat-in area, center island, work station, bay window, crown molding and recessed lighting. The rear staircase leads to the loft upstairs where there are 4 bedrooms. The primary suite is oversized with a bay window, dentil molding and ensuite full bath w/ soaking tub and stand up shower. The three additional bedrooms are generously sized. Property is sold "AS-IS"
Source: CENTRALVIRGINIA #2518396
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.