4048 Broad Street Rd, Gum Spring, VA 23065
3 beds · 4 baths · 6,154 sqft
Welcome to the Private & Serene 115 Acres known as East Leake Farm! French Country Style Main Home offers Grand Manor Roof, New 4-Car Custom Garage, 812 sq. ft. Gym (flex room) w/New HVAC System, and a brand new Saltwater Gunite Pebbletec Pool & Hot Tub w/Stone Surround Patio that features waterfall. Heat, jets, water feature and lights Controlled by Aqua link app! Dedicated 500 Gal. Underground Propane Tank for Pool/Hot Tub! 2 New 1000 Gal. Underground Propane Tanks! (all owned by seller) Generac Generator! New Tankless Hot Water Heater! Renovated Kitchen boasts All New Marble Countertops, Center Island w/ Soapstone and New SS Appliances to include Wolf gas 6 burner range, separate Subzero Fridge & Freezer and Paykel Dishwashers. Sun-Drenched Morning Room w/3 Walls of Windows! Primary Bedroom is complimented by Vaulted Ceiling, Marble Gas FP, All New Custom Walk-in California Closets, and Attached Luxury Bath! Rec. Room is accentuated w/Vaulted Ceilings, Gas FP, and Brand New Custom Bar w/Marble Countertops! 2 Upstairs Bedrooms and BONUS room share a Jack & Jill Bath! Cozy Log Cabin is 1088 sq. ft. and offers 3 Bedrooms, 2 Baths, Living Room, and Morning Room! The 1800's Farmhouse is 1216 sq. ft. and has 2 Bedrooms, 1.5 Baths, Heated Saltwater Pool, and New HVAC System! Encapsulated Crawlspace in Main Home, Cabin, & Farmhouse! Exterior Screened Porch “Summer Kitchen” was the original kitchen on the property and features a Wood Burning Fireplace and Sunken Garden w/Koi Pond! Property also has 2 Spring-Fed Ponds & Spring-Fed 6 acre Lake Stocked w/Fish! Upgraded Gate Entrance w/Security Camera! Miles of Walking & Riding Trails! 5 Fenced Pastures! Property offers barn with possibility of 5-6 stalls. Additional Buildings from the 1800s include Smoke House, Ice House, Corn Crib, Original Dr.'s office & multiple other buildings. Property contains 2 parcels. Invisible Dog fence that spans several acres. Firefly Wired High Speed Internet. Close to I-64 for Richmond/Charlottesville.
Source: BRIGHT #VAGO2000282
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAGO2000282
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.