7113 Swiftrock Ridge Pl, Chesterfield, VA 23838
4 beds · 3 baths · 2,535 sqft
Welcome to 7113 Swiftrock Ridge Place a beautifully maintained home tucked away on a quiet cul-de-sac, sitting on a manicured and irrigated 1-acre corner lot. From the moment you step into the light-filled two-story foyer, you’ll be drawn in by the warmth of the gleaming hardwood floors that flow throughout the main level. The spacious kitchen features ceramic tile, custom cabinetry, stainless steel appliances, GAS cooking, and a charming bay-windowed breakfast nook with serene backyard views. The family room offers the perfect spot to unwind with its cozy gas fireplace and easy access to the screened-in porch and back deck—ideal for morning coffee or evening relaxation. Upstairs, you’ll find 4 generously sized bedrooms and a convenient second-floor laundry. The primary suite is a true retreat with cathedral ceilings, two walk-in closets, and an updated en suite bath complete with dual vanities, a jetted soaking tub, and a separate shower. With lots of natural light, flexible living spaces, and a quiet, park-like setting—this home is the perfect blend of comfort and convenience.
Source: CENTRALVIRGINIA #2508640
All values shown are estimated costs / mo.
Source: Public records
Source: CENTRALVIRGINIA #2508640
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.