7329 Margel Dr, Hanover, VA 23069
4 beds · 4 baths · 2,969 sqft
Welcome to your very own private oasis! A completely custom-built masterpiece nestled on 6.5 serene acres in the prestigious Hanover County awaits you. Crafted in 2014, this exquisite 2,969 sq ft home boasts luxury with every attention to detail offering you 4 spacious bedrooms, 3.5 baths and elevated living spaces. The expansive first level primary includes a spa-like en-suite bath with ample natural light and walk-in closet. An additional first floor in-law suite with private entrance provides the perfect blend of privacy and convenience for guests or multi-generational living. The kitchen is a culinary delight featuring an island, granite countertops, sleek stainless steel appliances and a massive walk-in pantry. Outdoors, the meticulously designed entertaining spaces await you! Take a dip in the sparkling 24 x 24 5 ft deep pool surrounded by Trex decking, or relax beneath the pergola on the patio with the cozy firepit. The expansive, fenced backyard is ideal for gatherings, complete with a gas line for all of your grilling needs and horseshoe pits for added fun. A 2 car garage, whole house generator and sweeping views of the lush 6.5 acre surroundings complete this exceptional home. Experience luxury living with the perfect balance of privacy and proximity to top-rated schools and the local amenities. Schedule your personal tour today and fall in love!
Source: CENTRALVIRGINIA #2503453
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: CENTRALVIRGINIA #2503453
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.