11513 Riverboat Dr, Chester, VA 23836
5 beds · 4 baths · 3,780 sqft
**WATERFRONT** Be this very first to see this amazing Augusta plan carefully crafted by Main Street Homes, situated perfectly along the James River. This nearly new luxury home offers 5 spacious bedrooms and 4 bathrooms in a seamlessly flowing open floor plan. The great room features a vaulted beamed ceiling and a dual-sided gas fireplace that is shared with the luxurious sunroom creating a warm and inviting space. The 1st floor Primary suite offers a tray ceiling, bay window with river views, a large walk-in closet, double vanities, garden tub, and a spa-like free-standing shower. The gourmet kitchen is a chef’s dream offering Kitchen Aid appliances, a large quartz island, farmhouse sink, pot-filler faucet, elegant pendant lighting, built-in wine cooler, a spacious walk-in pantry and so much more. A nearby guest bedroom/study and oversized powder room offer added convenience. The sunroom offers a vaulted ceiling and opens to a private screened-in porch and concrete patios, perfect for enjoying river views year-round. On the 2nd level, you’ll find an open loft, a guest suite with private bath, 2 additional bedrooms w/shared full bath, and a flexible bonus room over the garage. Additional features include a mudroom, fully fenced yard, 3-car side-loading garage with EV 220-amp outlet, extended driveway, dusk-activated perimeter lighting, improved river walkway, tank less water heater, covered front porch, and a separate irrigation meter. The community boasts a resort-style pool, playground, clubhouse, walking trails, gym, and boat ramp. Set on 1.51 acres with direct river access, this home is ideal for outdoor activities and water sports. Schedule your private showing TODAY!!!!
Source: CENTRALVIRGINIA #2501110
All values shown are estimated costs / mo.
Source: Public records
Source: CENTRALVIRGINIA #2501110
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.