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2805 Griffin Ave, Richmond, VA 23222
5 beds · 5 baths · 3,312 sqft
Expertly expanded and renovated in 2018, and only improved from there! This Northside gem has it all! 5 Bedrooms including first floor and upstairs primaries, 4.5 baths, and a full finished basement that would be easily locked off and rented or perfect as an in-law suite. From the full front porch with fan and sunshade, enter into the foyer boasting beautiful hardwood floors, the home's original staircase, and columns. Living room offers gorgeous coffered ceilings, ample built-in storage, and gas fireplace, open to the dining room, with picture molding and chandelier. Chef's kitchen includes custom, glass-front cabinetry, gas cooking with pot filler, all stainless appliances and farmhouse sink, wine rack, pantry, and stunning granite countertops and tile floor. Access to the back deck offers perfect entertaining flow. Also on this floor, find a powder room and first floor primary with en suite bath, ceiling fan, and walk-in closet. Upstairs, another massive primary bedroom with tray ceiling and fan, picture molding, bath with double vanities, and separate tile shower and soaking tub. Two more bedrooms on this level share another generous bath with double vanities. First and second levels have all hardwood and tile floors. The finished basement, accessible from both inside and outside, has its own laundry behind a darling barn door, living/rec room, a 5th bedroom, and another custom full bath. Backyard is fully fenced, stamped concrete patio could be a comfortably furnished oasis, but also offers off-street parking. Solar panels (not financed!) nearly erase this home's energy costs, with last year's July bill coming in at $8.98 and most bills under $100. Fantastic location on a mature street, but less than a 10 minute walk from Slay Burgers, Ruby Scoops, Smoky Mug, Auntie Ning's, Julio's Bagels, Battery Park pool, playground, basketball and tennis courts! VA mortgage may be assumed by veterans with entitlement, with room for a HELOC-for-purchase to yield a low total monthly payment!
Source: CENTRALVIRGINIA #2516624
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 #2516624
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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