115 Mistletoe Dr, Newport News, VA 23606
3 beds · 3 baths · 2,169 sqft
Get a free consultation call with an expert in the mortgage assumption process.
CHARMING RANCH NEAR THE JAMES RIVER! A MUST SEE! TURN-KEY WITH ROOM TO MAKE IT YOUR OWN! Welcome to this beautifully maintained 3-bedroom, 2.5-bath ranch-style home offering 2,169 square feet of comfortable living in a peaceful, tree-lined neighborhood. Nestled just minutes from the scenic James River, this home blends classic charm with thoughtful updates. Step inside to find warm hardwood floors flowing throughout the spacious living areas, including a cozy living room centered around a brick fireplace—perfect for relaxing evenings at home. The bathrooms have been tastefully updated, adding modern touches while preserving the home's inviting feel. Enjoy the outdoors with a gorgeous yard surrounded by mature trees, ideal for gardening, play, or simply soaking in the natural beauty. The paved driveway provides ample space for parking, making entertaining a breeze. 3-Year-Old 30 Shingle Roof, 3-Year-Old Vapor Barrier Applied to the Crawl Space, and Whole House Generator that was Professionally Installed with Gas Backup! Whether you’re looking for tranquility, comfort, or proximity to nature, this home checks all the boxes.
Source: BRIGHT #VANN2000094
Source: BRIGHT #VANN2000094
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.