601 German School Rd
Richmond, VA 23225
3 beds · 2 baths · 960 sqft
$254,900
Get prequalifiedAbout this home
Welcome to 601 German School Road – Where Comfort, Value, and Possibility Meet! Whether you're a first-time homebuyer ready to take that exciting next step or an investor searching for your next smart addition, this charming and well-maintained property is prepared to exceed your expectations. From the moment you arrive, this home immediately sets itself apart, offering generous parking and a warm, welcoming curb appeal. Step inside and experience a sun-drenched living room that invites relaxation and connection. The open, airy layout creates a perfect space for gatherings or quiet evenings in. The efficient kitchen is designed with everyday living in mind, complete with a laundry room that adds ease and functionality. Plus, the kitchen offers direct access to your private backyard oasis—ideal for entertaining, gardening, or enjoying peaceful mornings with coffee in hand. Featuring 3 spacious bedrooms and 2 full bathrooms, this home delivers comfort, flexibility, and room to grow. The primary suite includes a private full bath and ample closet space, while the two additional bedrooms offer endless possibilities for family, guests, or a home office. You’ll love the new luxury vinyl plank flooring throughout the home, offering both beauty and durability. Recent upgrades include a brand-new HVAC system, roof, and energy-efficient windows, giving you peace of mind and reduced maintenance for years to come. And the backyard? Simply stunning—a serene space ready for barbecues, playtime, or peaceful solitude. This is more than just a house—it’s a place to begin, to build, and to thrive. 601 German School Road is move-in ready and full of potential. Property is sold AS-IS, WHERE-IS, offering a rare chance to add your personal touch and vision. Don’t miss this golden opportunity—your future begins here! Schedule your private showing today through the ShowingTime app.
Source: CENTRALVIRGINIA #2517234
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
Richmond, VA 23225
3 beds · 2 baths · 960 sqft