807 Sun Valley Way, North Chesterfield, VA 23236
4 beds · 3 baths · sqft
Welcome to 807 Sun Valley Way, a beautiful 4 bedroom, 2.5 bathroom home nestled on a quiet cul-de-sac. Designed for modern living, the open concept main level offers a seamless flow between the living, dining, and kitchen areas. The chef’s kitchen is equipped with abundant cabinet and counter space, an island, and gleaming stainless steel appliances. The dining area leads directly to the back deck, making indoor/outdoor entertaining effortless. Down the hall, you'll find a half bath and a private home office—perfect for remote work. Upstairs, the spacious primary bedroom boasts a huge walk-in closet and an ensuite bath with dual vanities and a walk-in shower. Three nicely sized guest bedrooms, a full hall bathroom, and a convenient laundry room, complete the second level. You will love relaxing or entertaining on the spacious newer (2023) back deck overlooking the private backyard. As an added bonus, the home comes complete with all appliances and a Ring security system for peace of mind. Additional highlights include fresh paint throughout, new carpet downstairs, a 2-car garage and an attic for extra storage, plus solar panels for enhanced energy efficiency and cost savings. Located in a desirable area, this home offers easy access to major highways for a smooth commute and is conveniently located a short drive from Hull Street Road, Chesterfield Towne Center, and Westchester Commons. Enjoy proximity to outdoor recreation with numerous parks nearby, such as Rockwood Park and Pocahontas State Park, offering hiking trails, sports facilities, and picnic areas! This home is the perfect blend of functionality and convenience. Come see all this home has to offer and schedule your tour today!
Source: CENTRALVIRGINIA #2502360
Financials
Source: CENTRALVIRGINIA #2502360
Source: Public records
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 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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 580, 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.