VA loan
1 of 29
VA loan
$385,000
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7111 Stoneman Rd, Henrico, VA 23228

3 beds · 2 baths · 1,720 sqft

Fully Renovated Tri-Level Home in Prime Location! From top to bottom, no detail has been overlooked! Enjoy peace of mind with brand new vinyl siding, dimensional roof, vinyl windows, upgraded electrical, a brand new HVAC system, and a new water heater. Step inside to find refinished hardwood floors on the main and upper levels, complemented by new lighting throughout. The basement features durable and stylish LVP flooring, creating a perfect secondary living space—ideal for a family room, home office, or even an optional fourth bedroom.The stunning kitchen is the heart of the home with all new cabinetry, granite countertops, stainless steel appliances, and a center island offering extra prep space and seating. The open-concept layout connects the kitchen seamlessly to the dining and family room, making it perfect for entertaining and everyday living. Upstairs, you’ll find three comfortable bedrooms and a beautifully updated full bath. The lower level also includes a half bath and a laundry area for added functionality. Outside, enjoy a detached one-car garage that’s been freshly painted with a new pedestrian door. Please note, the garage is being sold as-is. The fenced-in backyard offers space for pets, play, or gardening. Located just off Broad Street, you’re minutes from popular restaurants, shops, grocery stores, highways, and top-rated schools. This move-in ready home is a must-see!

Estimated
Seller's interest rate
3.45%
7%
Estimated
Monthly payment

$923
$1,090
You may also save up to $35,953 in total interest paid.

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.

Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,090 monthly payment

Financed
SIGNIN
Location
Loan details
Loan type
VA
Rate
3.45%
Remaining term
18 yrs
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$923
Principal & interest
$535
Mortgage insurance
-
Property taxes
$256
Home insurance
$131
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,720 sqft
Lot size
0.2907 acres
Year built
1956
Type
Single Family Residence
HOA dues
$0.00

Source: CENTRALVIRGINIA #2507958

Frequently asked questions

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.

View all FAQs
Last updated: Jun 20, 2025 08:22 pm
Listing agent: Casie Woodfin (804) 307-6608
Listing provided courtesy of: Shaheen Ruth Martin & Fonville (804) 288-2100
Details provided by CENTRALVIRGINIA and may not match the public record.
MLS ID: #2507958
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are Copyright © 2025 Central Virginia Regional Multiple Listing Service, LLC. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
Est. seller's rate
3.45%
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