1812 Greenstone Ter, Glen Allen, VA 23060
3 beds · 3 baths · 1,371 sqft
"Welcome home! Nestled in a peaceful neighborhood cul de sac, this charming three-bedroom residence offers the perfect blend of comfort and style. With spacious living areas and a thoughtfully designed layout, this is where cherished memories are made. Featuring an open concept it's ideal for modern family living. Discover your sanctuary, complete with a fantastic backyard perfect for play and relaxation. The fenced-in yard provides a safe space for children and pets, while the ample garage offers plenty of storage and parking. The separate entrance to the garage ensures the safety of children playing in the backyard." Heat pump and duct work replaced 2 years ago, double driveway with polished concrete paving until the inside of the fence, a separate 12x8 storage shed, and best of all the private backyard with a protected green area offers plenty of privacy. Come check it out by yourself...
Source: CENTRALVIRGINIA #2505002
All values shown are estimated costs / mo.
Source: Public records
Source: CENTRALVIRGINIA #2505002
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.
