Welcome to 5113 Hungary Branch Ct, located in the highly sought after Glen Allen region of Henrico County. This stunning 3-story home boasts nearly 4,000 square feet of living space including 6 bedrooms, 5 full bathrooms, and 1 half bathroom. Upon arriving, you will be greeted by the brick exterior as you approach the front door. After entering in the foyer, you will be flanked by a living room on your right and formal dining room with a tray ceiling to your left. The spacious family room with an 18-foot ceiling and surround sound capability shares a 2-way gas fireplace with the living room. The open concept leads you into the kitchen featuring granite countertops, stainless steel appliances, walk-in pantry, an island, wet bar, peninsula countertop with bar stool seating, and a morning room. Down the hall from the kitchen is the home’s 1st floor bedroom with its own dedicated full bath. The 2nd level houses 4 more bedrooms including the primary bedroom, equipped with a tray ceiling, 2 walk-in closets, and a full 5-piece fixture bathroom. 2 spare bedrooms share a Jack & Jill bath while the remaining bedroom on this floor has a full bath that is also accessible from the hallway. The laundry room can be found on this floor as well. The 3rd floor currently serves as a 6th bedroom with the 5th full bathroom but would also make for a nice rec room or workout space. The back deck off the kitchen takes you out into the fenced backyard ripe for pets and entertaining guests. The home includes 3-zone heating & AC for each level, front & back yard irrigation, and a new roof in 2025. Schedule your tour today to come see what this home has in store for you!
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.
