5820 Beechwalk Dr, Virginia Beach, VA 23464
3 beds · 2 baths · 1,790 sqft
Welcome to this bright and spacious 3-bedroom, 2-bathroom gem located in Virginia Beach! This well-maintained home offers a welcoming curb appeal, complete with a classic picket fence and a charming front porch for your morning coffee. The backyard has a well maintained heated propane pool, that will be ready for summer fun in just a few weeks. In the last few years the home has received a NEW ROOF AND NEW HVAC. The separate detached pool-house has 2 levels and has been converted into a loft "tinyhouse" complete with a kitchen. Step inside to find a light-filled living area that flows seamlessly into a modern kitchen. The home has hardwood floors throughout and features updated bathrooms, updated laundry room, a bonus family room addition in the back that steps out to a rear deck and patio that overlooks the pool. The kitchen has some updating, painted cabinets, and stainless steel appliances. Each of the three bedrooms is generously sized with ample storage, offering comfort and flexibility for family, guests, or a home office. The two full bathrooms are tastefully appointed to provide a fresh, clean feel. The spacious yard is perfect for gatherings, play, and relaxing outdoors — plus, there's plenty of parking for you and your guests. Conveniently located near local shops and just a short drive to the beach, this home combines comfort, style, and location in one amazing package. Nice quiet neighborhood surrounded by older classic homes mixed with brand new developments. Don't miss your chance to make it yours — schedule a showing today!
Source: CENTRALVIRGINIA #2508939
All values shown are estimated costs / mo.
Source: Public records
Source: CENTRALVIRGINIA #2508939
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.