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300 Cove Ct, Lanexa, VA 23089
5 beds · 4 baths · 3,500 sqft
Welcome to The Colonies of New Kent! Nestled on nearly a full acre, this stunning home blends comfort, charm, and versatility in one perfect package! As you enter, you’re greeted by soaring ceilings and a striking stairwell that sets the tone for the elegance throughout. The main level boasts rich dark flooring and a beautifully updated eat-in kitchen filled with warmth and character. Upstairs, you’ll find four generously sized bedrooms and updated bathrooms that provide the perfect mix of space and style. But the true gem? A private cottage that feels like its very own home! With a full kitchen, spacious living room, bedroom with attached bath, laundry room, and private entrance—this charming space is ideal for multigenerational living, in-laws, guests, or even rental income! Tucked away on a quiet corner lot just a short stroll from the boat ramp, this home offers both privacy and access to all the outdoor fun The Colonies are known for. Don’t miss out on this rare opportunity—schedule your showing today and fall in love!
Source: CENTRALVIRGINIA #2511083
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 #2511083
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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