2913 Lincoln Ave, Henrico, VA 23228
2 beds · 1 baths · 1,058 sqft
Welcome to 2913 Lincoln Ave – A Hidden Gem in Putney Place! Step into the charm of 2913 Lincoln Ave, where this delightful home welcomes you with a picturesque front yard, featuring two flourishing peach trees and a vibrant camellia bush that beautifully frame the house. A long driveway along the left side provides ample off-street parking, adding to the home’s charm. Inside, natural light pours through large front windows, highlighting the inviting flow between the living, dining, and kitchen areas. An elegant archway adds character, seamlessly connecting these spaces to create an atmosphere that is both cozy and spacious. Beyond the kitchen, you'll find an oversized mudroom, thoughtfully designed with ample storage, a convenient closet, washer and dryer, and a modern tankless water heater (installed in 2022). On the right side of the home, two generously sized bedrooms sit on either side of a full bathroom, offering both comfort and functionality. Step outside to the expansive backyard, where an enormous deck and outdoor entertainment space set the stage for unforgettable gatherings in the warm spring and summer months. Don’t miss your chance to call this charming Lakeside retreat home!
Source: CENTRALVIRGINIA #2507533
Source: CENTRALVIRGINIA #2507533
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.