10819 Macandrew Ln, Chesterfield, VA 23838
4 beds · 3 baths · 2,690 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this beautifully maintained Colonial, built in 2003 and set on a spacious 1.8-acre cul-de-sac lot. This 4-bedroom, 2.5-bath home offers a great balance of comfort, privacy, and space for entertaining. Step into the grand two-story foyer with hardwoods and vaulted ceiling. The formal dining room showcases detailed molding and classic wainscoting, while the open kitchen features an island with extra storage, eat-in area, ample cabinet space, new stainless refrigerator (2020) and flows seamlessly into the living room. Living room features gas fireplace, custom molding, and French doors, with doggy door, leading to a large deck with pergola and fully fenced backyard. The main-level laundry room includes a washer/dryer (both convey) and storage cabinets above with direct access to the 2-car garage. Upstairs, the spacious primary suite offers a tray ceiling with fan, walk-in closet plus additional closet, and an en-suite bath with soaking tub, dual vanity, and separate shower. Three additional bedrooms include closets, with one oversized room ideal for a home office, gym, or playroom. Recent updates include a new rear retaining wall with underground drainage, fresh paint throughout, newly refinished hardwood floors, and new carpet upstairs. Additional features include a 9-zone irrigation system, & vapor barrier in the crawl space. Major systems: gas furnace (2019), heat pump (approx. 5–6 yrs old), and hot water heater (2022). Roof age estimated at ~10 years or less. This home is move-in ready with thoughtful updates throughout! Neighborhood amenities include 18-hole golf course, tennis, restaurant, lakefront pool, walking trails, and more.
Source: CENTRALVIRGINIA #2509606
Source: CENTRALVIRGINIA #2509606
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.
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 620, 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 committed to and abides by the Fair Housing Act and Equal Opportunity Act.