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10 Ivy Spring Ln, Fredericksburg, VA 22406
4 beds · 3 baths · 2,576 sqft
**Stunning Colonial Home in Sought-After Stafford Lakes!** Welcome to this beautiful three-story colonial situated on a spacious corner lot, offering both elegance and comfort. Step inside to discover a gourmet kitchen that any chef would love, featuring a center island, 42-inch cabinets, a pantry, recessed lighting, a double oven, gas cooktop, ceramic tile backsplash, and luxurious Corian countertops. This home boasts four generously sized bedrooms, including two with walk-in closets, while the primary suite is a true retreat, complete with French doors and a private bath featuring a soaking tub, walk-in shower, and dual vanities. The hall bath also includes dual vanities and hardwood flooring for added convenience. Entertain guests in the formal living and dining rooms, or enjoy a quiet moment in the main level office with French doors. The sunroom off the kitchen is perfect for soaking in natural light, while the family room with a cozy gas fireplace provides warmth and comfort for gatherings. Additional highlights include a large unfinished basement ready for your personal touch and a beautiful deck overlooking the large corner lot—perfect for outdoor entertaining or relaxation. Don’t miss the opportunity to make this stunning home yours! Schedule a showing today!
Source: BRIGHT #VAST2036882
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: BRIGHT #VAST2036882
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 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
No credit check. Takes 2 minutes.