9141 Chatham Grove Ln, North Chesterfield, VA 23236
4 beds · 3 baths · 1,980 sqft

Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this Lovely, 4 Bedroom, 2-1/2 Bath, 1,980 sq. ft. Home in Fernbrook - Just Minutes from Shopping & Dining! In 2019 the Home received a facelift to include a completely Updated Kitchen, New Windows & New Siding. In 2020 a New HVAC, New Hot Water Heater and New Stove. This Move-in Ready Home offers a Foyer with Hardwood Floors, Formal Dining Room (or Formal Living Room) with Cork Floors, Spacious Family Room with Cork Floors, Beautiful Wainscoting and a Brick Wood Burning Fireplace, Eat-in Kitchen with Hardwood Floors, Granite Counters and Stainless Steel Appliances (all stay!), an Additional Room/Flex Room off the Kitchen with a Huge Pantry, and Utility/Laundry Room w/Half Bath. Upstairs you will find a Huge Primary Bedroom with Hardwood Floors, Walk-in Closet & Primary Bath with Double Vanity and Shower, 2 Additional Bedrooms with Hardwood Floors and Double Closets, 1 Small Bedroom with Hardwood Floors, and a Full Bath in the Hall with Double Vanity and Tub/Shower. Outside you will find a Rear Deck, Detached Shed with New Roof, Spacious Back Yard with Mature Trees for Shade, a Paved Driveway and Extra Parking Area at Front. Fernbrook Park is just a short distance from the Home, and they are in the process of putting in Sidewalks in the neighborhood. Plus - The Seller is Offering a $5,000 Credit to Purchaser with an Acceptable Offer! CHECK OUT THE VIRTUAL TOUR! WOW! Don't wait - schedule your showing today!
Source: CENTRALVIRGINIA #2510495
All values shown are estimated costs / mo.
Source: Public records
Source: CENTRALVIRGINIA #2510495
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.
