Sign in to see required down payment for the 3.2% rate
8136 Fedora Dr, Chesterfield, VA 23838
5 beds · 3 baths · 2,708 sqft
Here's your chance to own your dream home in the highly sought-after Highlands! This well maintained property boasts a beautiful open floor plan with a full front porch and back deck, perfect for morning coffee or relaxing evenings. The home features five bedrooms, 3 full bathrooms and a large master suite with two large walk-in closet. The downstairs bedroom is perfect for an in-law suite or home office with it's own full bathroom attached. Open-concept kitchen with stainless steel appliances, a large island and lots of counter and cabinet space. The family room right off the kitchen is perfect for family gatherings. Step outside to your private backyard complete with a custom deck and lots of room for your kids and/or animals to play. Adding to the appeal of this charming home the sellers are willing to offering closing cost assistance to help make your dream of home ownership a reality! Don't wait! Book your appointment today!
Source: CENTRALVIRGINIA #2513743
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CENTRALVIRGINIA #2513743
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
No commitment required to start