6530 Southshore Dr
Midlothian, VA 23112
4 beds · 3 baths · 2,667 sqft
$499,950
Get prequalified6530 Southshore Dr
Midlothian, VA 23112
4 beds · 3 baths · 2,667 sqft
$499,950
Get prequalifiedWelcome to 6530 Southshore Dr, a beautifully maintained three-story brick-front home located on a quiet street in the desirable lakefront community of Southshore in western Midlothian. Zoned to top-rated schools and just minutes from daily conveniences, this home offers a two-car garage and a paved driveway. Inside, solid hardwoods greet you in the wide foyer and flow throughout the main living areas. A bright home office overlooks the front lawn, while the formal dining room, enhanced with crown molding and trim, opens seamlessly to the gourmet kitchen featuring granite countertops, an island, and gas cooking. The kitchen flows into a spacious family room with a fireplace and brand-new carpet. Upstairs, the oversized primary suite includes a walk-in closet, ceiling fan, and a luxurious bath with dual vanities, a tiled shower, and a soaking tub. Three additional bedrooms and a renovated full bath complete the second floor—all with brand-new carpet. The third level offers a large bonus room or potential fifth bedroom. Enjoy outdoor living on the freshly stained rear deck overlooking private woods and a peaceful creek. As part of the Southshore community, you’ll enjoy deeded access to the Swift Creek Reservoir via a private dock. Don’t miss your chance to call this exceptional home yours!
Source: CENTRALVIRGINIA #2515761
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.