7252 Marimel Ln
Mechanicsville, VA 23111
3 beds · 2 baths · 972 sqft
$309,950
Get prequalified7252 Marimel Ln
Mechanicsville, VA 23111
3 beds · 2 baths · 972 sqft
$309,950
Get prequalifiedBrand new conventional septic system! Welcome to this beautifully maintained three-bedroom, one-and-a-half-bathroom home, offering a cozy 972 sq ft of living space with thoughtful upgrades throughout. The property's prime location is incredibly convenient, providing easy access to major highways, shops, dining, and local recreational opportunities. This home also presents a great investment opportunity, whether you're a first-time buyer or an investor looking for a solid rental property. The single-story layout is designed for ease of living, with the owner’s suite located on the first floor for added comfort and accessibility. With a spacious and private 0.75-acre lot, you’ll have plenty of room for outdoor activities or potential future expansion. The large rear deck is perfect for entertaining, dining al fresco, or simply enjoying the peaceful surroundings. A detached shed with electricity provides ample storage or the perfect space for a hobbyist or workshop. Inside, you’ll be greeted by vaulted ceilings in the living area, enhancing the home's open and airy feel. The updated kitchen boasts a brand-new stove, while the attic offers plenty of storage space for your seasonal items or keepsakes. Other recent updates include a new HVAC system (2024), fresh interior paint, and an encapsulated crawlspace by JES (2022) to provide additional protection and energy efficiency. The major systems in the home are in excellent condition, including the roof, which is 7-10 years old, and the windows, which were updated in 2011. A new sliding door (2020) adds modern flair and improved functionality to the space. With a long driveway providing ample parking, this home is perfect for those who appreciate both indoor and outdoor space, combined with modern comforts and convenience. It’s truly a must-see, offering move-in ready condition and plenty of potential.
Source: CENTRALVIRGINIA #2516901
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.