3025 Shady Hollow Cir, Chester, VA 23831
4 beds · 3 baths · 1,643 sqft
Welcome to your ideal home! This beautifully maintained residence, constructed in 2020 and cared for by its original owner, perfectly combines contemporary features with classic appeal. Conveniently located with easy access to interstate 95, 288, and 295, this charming 4- bedroom, 2.5 bath home offers the perfect blend of comfort and accessibility. You'll find shopping and entertainment options just 10 minutes away, and Fort Gregg Adams and Amazon warehouses are only a short 20-minute drive. As you step inside, you are welcomed by a bright and airy open-concept living area that flows effortlessly into the kitchen, creating a cozy and inviting space. The spacious eat-in kitchen is perfect for everyday meals and entertaining friends or family. One of the standout features of this home is the luxurious primary suite located conveniently on the main level, providing both ease and seclusion. Upstairs, you'll discover three additional bedrooms and a full bath, ensuring plenty of room for family and guests. This home offers not just modern amenities but also a prime location, making it an ideal setting for your lifestyle. Don't let this incredible opportunity pass you by! Schedule your tour today and experience all that this exceptional property has to offer. Make the dream of owning your perfect home a reality!
Source: CENTRALVIRGINIA #2503606
Financials
Source: CENTRALVIRGINIA #2503606
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.