15506 Match Rail Pl, Chesterfield, VA 23832
4 beds · 5 baths · 4,450 sqft
Welcome to 15506 Match rail place! Nestled in the desirable Harpers Mill community of Chesterfield, Virginia, is a luxurious single-family residence offering 4-5 bedrooms and 4 full bathrooms across 5,154 square feet of living space. Newly built in 2024, this home features an open floor plan with 9-foot ceilings on the first floor, enhancing the sense of space and light. As you enter the home, you are met with a spacious great room with soaring 2-story ceilings, creating a grand and inviting atmosphere. Adjacent, the gourmet kitchen boasts a large island, granite countertops, and premium stainless-steel appliances. Not to mention, the sellers have completely enhanced this kitchen by adding a BUTLER’S PANTRY, making it a chef's dream. Additional highlights include a screened in porch with a double-sided fireplace, a flex/office area, and a two-car garage. The primary suite is a serene retreat, featuring a spa-like bathroom and ample closet space. The basement offers expansive space that can be customized to suit various needs. Whether you envision a home theater, gym, or a guest suite, the basement provides an ideal foundation to create your dream space! It also includes plumbing rough ins for a potential wet bar. This area is simply designed to enhance the home's living area, along with two unfinished rooms to add additional living quarters. All amenities are within a 5-mile radius of Harpers Mill which offers a convenient lifestyle. Please come by and check it out yourself!
Source: CENTRALVIRGINIA #2508012
Source: CENTRALVIRGINIA #2508012
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
What 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 “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.
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 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.