8390 Bink Pl, Mechanicsville, VA 23111
5 beds · 3 baths · 2,829 sqft
This beautifully maintained five-bedroom home is spotless, stylish, and move-in ready—and best of all, there’s no HOA! Every detail has been thoughtfully cared for, inside and out. Enjoy peace of mind with Ring and Blink security cameras that convey, sensors on the doors and windows, and flood and smoke/fire sensors. Recent upgrades include a brand-new 18x19 screened-in porch featuring durable Fiberon flooring and outdoor surround sound—an ideal spot for relaxing or entertaining. The new irrigation system in the front yard keeps your curb appeal in top shape year-round. Inside, the home shines with all new flooring, including rich hardwood and plush carpet, along with updated stair treads and banisters. The kitchen is a showstopper, featuring soft-close cabinets, gas cooking, stainless steel appliances, a spacious eat-in area, and a large pantry—everything a home chef could want. Other recent improvements include a 2024 HVAC replacement upstairs (with an air purifier), a new hot water heater, a water softener system and a heated and cooled garage perfect for a gym or workshop hardwired for a generator. The vinyl privacy fence (installed in 2022) secures the back and side yards. This home offers the perfect blend of modern updates, exceptional care, and timeless charm.
Source: CENTRALVIRGINIA #2516020
Source: CENTRALVIRGINIA #2516020
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.