Sign in to see required down payment for the 3.5% rate
5100 Forest Hill Ave, Richmond, VA 23225
4 beds · 4 baths · 2,116 sqft
A true Richmond treasure blending timeless character with exceptional versatility. Nestled in the heart of Westover Court, this beautifully updated Cape Cod includes a rare bonus: a fully equipped ADU/Cottage House in the rear—ideal for multi-generational living, a guest retreat, or an income-producing Airbnb. Step through the gated front yard into a sun-drenched foyer leading to a spacious dining room & inviting side porch, providing the perfect setting for gatherings & quiet moments alike. The main-level primary suite features hardwood floors, a walk-in closet, and spa-like en suite bath. Enjoy cooking in the stylish kitchen, featuring granite countertops, a gas range, an oversized pantry, and a convenient breakfast bar, perfect for casual meals. Just off the mudroom with direct outdoor access, a cozy family room with built-in shelving & gas fireplace overlooks the private, fenced backyard & expansive deck, perfect for entertaining or unwinding under the stars. Upstairs, you'll find three generous bedrooms with ample closet space, an additional full bath, and a second luxurious primary suite with dual closets & a private en suite bath. Solar panels on the dimensional roof help reduce utility costs & support sustainable living. The fully separate, solar-powered ADU features 2 bedrooms & one full bathroom, a private entrance, dedicated parking, and its own metered utilities, making it an excellent option for passive income or extended-stay guests. An additional half bath is located in the lower level of the garage, accessible from the garage space but not part of the ADU’s main living area. The 1100+ sq ft structure also features a climate-controlled garage space that offers excellent potential for an additional finished living area or flexible use. Located just minutes from Downtown & within walking distance of the James River, Buttermilk Trail, Forest Hill Park, Veil Brewing, Little Nickel, Blanchard’s Coffee & more, this home offers an unparalleled lifestyle in one of Richmond’s most vibrant neighborhoods.
Source: CENTRALVIRGINIA #2516771
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 #2516771
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.
No credit check. Takes 2 minutes.