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5300 Beacon Rdg, Williamsburg, VA 23188
6 beds · 4 baths · 5,943 sqft
This Hampton floorplan offers 7BR and 6.5 BA in 5,943 sq. ft. A grand entrance into the 2 story foyer showcases a flex room and formal dining room. Continue walking into your spacious great room including a cozy gas fireplace open to a chef's kitchen with quartz countertops, soft close shaker cabinets, gas cooktop, stainless steel built in microwave oven, and generous pantry. Also available on the first floor is a guest BD with en-suite BA. Continue up the oak staircase to the second floor featuring 4 secondary BR, one jack and jill bath, and 2 additional full BA. Also on the 2nd floor you have the luxury primary suite featuring his and her walk in closets in addition to a separate soaking tub and glass enclosed shower. The fully finished basement including wet bar, 1 BR, a full BA, a 665 sq. ft. fully finished rec room, and unfinished storage space. There will be a 12 x 20 deck overlooking the backyard as well. The house is ready for its new owner!
Source: BRIGHT #VAJC2000436
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: BRIGHT #VAJC2000436
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 620, 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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