11912 Longtown Dr, Midlothian, VA 23112
4 beds · 3 baths · 2,382 sqft
Welcome to Your Dream Home! This stunning 4-bedroom, 2.5-bathroom home offers the perfect blend of style, comfort, and functionality. With its charming curb appeal and spacious open floor plan, it’s ideal for both everyday living and entertaining. Step inside to a bright and airy formal living room that flows seamlessly into a modern kitchen featuring a large island with granite countertops, stainless steel appliances, and bar seating—perfect for hosting family and friends. The expansive main living area offers beautiful hardwood floors and large windows that fill the space with natural light. Upstairs, the primary suite is a true retreat with a spacious walk-in closet and a luxurious bathroom that includes a soaking tub, dual vanities, and a walk-in shower. The additional bedrooms are generously sized and share a well-appointed full bathroom. Outside, enjoy evenings around the cozy fire pit in the backyard, or relax on the patio overlooking the private yard. The home also features a two-car garage, ample storage, and modern finishes throughout. Located in a quiet, friendly neighborhood, this home has everything you need and more. Schedule your private tour today—this beauty won’t last long!
Source: CENTRALVIRGINIA #2507428
Financials
Source: CENTRALVIRGINIA #2507428
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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 committed to and abides by the Fair Housing Act of Equal Opportunity Act.