500 Pacific Ave # 203, Virginia Beach, VA 23451
3 beds · 2 baths · 1,100 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to Your Waterfront Paradise where Coastal Luxury Awaits! Discover the ultimate in lifestyle, convenience, and breathtaking views with this stunning corner unit at Pacific South Condos. Perfectly positioned just steps from the Virginia Beach Boardwalk, this residence offers more than just a home – it’s your gateway to a vibrant coastal lifestyle. Step inside and be greeted by a sunlit living space adorned with fresh paint, luxury vinyl plank flooring and updated light fixtures. Your private wrap-around balcony offers panoramic views of three mesmerizing bodies of water – the Atlantic, Lake Holley, and Rudee Inlet – perfect for savoring sunrises, sunsets, and everything in between. The Kitchen offers Granite countertops, SSA and tile backsplash. Two generous bathrooms, including a walk-in tub for added convenience. Three spacious sized bedrooms, including one with incredible water views – perfect for relaxing or hosting guests. Experience the perks of living in a community that feels like a vacation every day. Enjoy tennis courts, an outdoor pool, and a community banquet room for social gatherings. Stay active with a variety of organized resident activities. Feel secure with 24-hour building security and controlled access. This condo offers the best of both worlds – the excitement of being just a half block from the Boardwalk, yet the privacy of a well-maintained residence. Explore award-winning restaurants, lively entertainment, and world-class fishing, all within walking distance. Plus, condo fees include hot water and cable, adding incredible value to this luxurious lifestyle. With two parking spots (one reserved) and an array of convenient amenities, this move-in ready condo is designed to offer beachfront luxury with all the comforts of home. Whether you’re looking for a primary residence, a vacation home, or an investment property, this is your chance to own a piece of paradise in one of Virginia Beach’s most sought-after locations. Come experience the coastal lifestyle you’ve been dreaming of!
Source: CENTRALVIRGINIA #2500985
Source: CENTRALVIRGINIA #2500985
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 and Equal Opportunity Act.