Welcome to 4715 Laurie Lane! This meticulously updated, solid, long-lasting all-brick rancher offers the perfect blend of classic charm and modern convenience in a high-demand Central Henrico location. Step onto the charming, covered front porch, an ideal spot for quiet outdoor relaxation or greeting guests. Upon entering, you are welcomed by the warmth of hardwood floors that were refinished and stained in November 2025. The light-filled living room provides a wonderful gathering space, anchored by a beautiful, white-brick fireplace and flooded with natural light from the large picture windows overlooking the front yard. The kitchen is a true highlight, featuring tile flooring and new granite kitchen countertops paired with stylish white cabinetry. It boasts a full suite of new appliances that convey, including a sleek Samsung Smart Refrigerator, microwave, range, and dishwasher. Beyond the eat-in dining area, a sliding glass door opens onto the newly constructed outdoor haven: a brand-new deck, completed in November 2025. This private, wooden deck is ready for grilling and enjoying the spacious, fenced backyard, which features mature trees and a large detached shed for ample storage and hobbies. Inside, the three serene bedrooms offer a fresh, updated retreat. You can move in with complete peace of mind, knowing the major systems are reliably updated: the roof was replaced in 2018 and the HVAC system is new from 2021. Situated in Henrico, this home benefits from a fantastic location within a well-established and thriving community. Enjoy quick access to major interstates like I-95 and I-64 for an easy commute, and explore nearby attractions, including the beautiful Lewis Ginter Botanical Garden, the Richmond Raceway, and the abundant shopping and dining options in the West End. Reach out today to schedule a visit and experience the seamless transition this turn-key home at 4715 Laurie Lane offers! Some photos have been virutally staged.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
