37075 Gaver Mill Rd
Hillsboro, VA 20132
5 beds · 4 baths · 3,200 sqft
$950,000
Get prequalified37075 Gaver Mill Rd
Hillsboro, VA 20132
5 beds · 4 baths · 3,200 sqft
$950,000
Get prequalifiedWelcome to this beautiful Colonial, set amidst a serene 4-acre lot. Enjoy a beverage on the charming front porch and take in the views of the beautifully landscaped grounds. As you step inside, you are greeted by a spacious foyer which is flanked by a formal living room and formal dining room. Both spaces feature beautiful crown molding and chair rail, adding to the room's elegance. Just up ahead is the spacious family room, with a two story ceiling and fireplace. The spacious eat-in kitchen is the heart of the home, featuring double ovens and a large center island that offers additional storage and seating. A guest bedroom and full bathroom is conveniently located on the main level. Upstairs, two sizable secondary bedrooms share a hall bathroom, and the third bedroom has its own en-suite bathroom. The impressive primary suite provides a relaxing space to unwind in, accented by tray ceilings, columns and a spacious sitting area. The spa-like primary bathroom features a large soaker tub, walk-in shower and dual vanities. Need more space? The unfinished basement offers the perfect blank canvas for you to finish to your liking. With 9 foot ceilings and already framed out, you can create an abundance of additional living space. The level yard provides ample space for enjoying the outdoors, surrounded by mature trees and a spacious concrete patio, it is the perfect backdrop for entertaining friends and family. Backs to a conservation farm for privacy. Prime location with tons of shopping!
Source: BRIGHT #VALO2100276
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.