Welcome to 803 Brook Hill Circle, a charming 3-bedroom, 1.5-bath home set on a rare ¾-acre park-like lot in Richmond—offering the space, privacy, and outdoor lifestyle today’s buyers are searching for. Move-in ready with fresh paint and new carpet, this home provides a clean, updated feel while still leaving room to make it your own. The bright, comfortable living spaces offer an easy flow for both everyday living and casual entertaining, while the kitchen features ample cabinetry and functionality for busy households. You will enter from the covered full front porch into a bright foyer that leads to the living room that features a propane stove ready fireplace. Walk into the open dining area connected to the well appointed kitchen and step down into the large family room with wood flooring. A convenient half bath on the main level adds to the home’s livability. There is one guest bedroom is located just off the family room. At the top of the stairs is a loft area creating a practical layout for families, guests, or even a home office setup. From the loft, Enter into the huge primary bedroom with new carpet and fresh paint, walk in closet. The second guest bedroom on this level shares a full bath with the primary that features a soaking tub/shower combination. Step outside and experience what truly sets this property apart—a welcoming covered porch and spacious deck overlooking a beautiful, park-like yard. With almost ¾ of an acre, there’s room to host gatherings, garden, play, or simply unwind in your own private retreat—something increasingly hard to find at this price point. Ideally located just minutes from shopping, dining, and major roadways, this home offers the perfect balance of peaceful living and everyday convenience. Whether you’re a first-time buyer looking for space to grow or someone ready to enjoy more land and outdoor living, this property delivers exceptional value and opportunity. Don’t miss your chance to own a home with this much space, charm, and potential—schedule your showing today!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
