5811 Hermitage Rd, Henrico, VA 23228
3 beds · 2 baths · 1,200 sqft
Don’t miss this opportunity to own a solid, spacious home in the heart of Hermitage Park! This 3-bedroom, 2-bath gem sits on a large corner lot and features a welcoming covered front porch, perfect for relaxing or entertaining. Step inside to find gorgeous cherry wood cabinets, granite countertops, and stainless steel appliances in the kitchen, ready for your culinary creations. Beautiful vinyl wood flooring flows throughout the main living areas, with recessed lighting that adds warmth and style. This home also features an exterior-accessible unfinished basement with a bathroom, offering great potential for storage, a workshop, a gym, or a future finished space. The bedrooms are generously sized, and the layout is both functional and inviting. This property is being sold as-is, allowing the next owner to add their personal touches and build instant equity. This home is full of potential and value. Schedule your showing today—your next chapter starts here
Source: CENTRALVIRGINIA #2515613
Source: CENTRALVIRGINIA #2515613
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.