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10902 Downton Ave, Spotsylvania, VA 22553
4 beds · 5 baths · 4,854 sqft
VA Assumable Loan for Qualified Buyers! 3.25% interest rate! Exuding a lux, contemporary craftsman vibe... on 4.5-plus acres... and in the prized Fortunes Landing community? 10902 Downton Avenue is truly as wow-worthy as it gets, folks! Constructed in 2019 and gleaming like-new, the residence here follow Simply Home’s treasured Thomas floor plan. It includes four bedrooms (plus, a possible fifth NTC!), 4.5 baths and nearly 4,900 square feet of living space. The acreage here is as serene and scenic as it gets. A lengthy asphalt driveway segues to the homesite, which is well-tucked off the road. The front yard is expansive, green, low-maintenance and peaceful. From its front porch or just inside, you can watch teacup roses bloom and, come daily sunrise time, a lovable deer family and rabbits frolic in the expanse. For parking there is a side-loading, three-car garage with an intricate Flow Wall organization system and refrigerator that convey. The back yard backs up to woods for added privacy. Its undeniable anchor is a vast Trex deck and slate patio with a firepit. For grilling, there is a gas grill that conveys right there! The residence itself pops with baby blue and beige siding as well as copper-esque roofing elements, architectural shingles and gutter guards. Stepping inside, the home is inviting, open and non-linear with tasteful spaces for entertaining and everyday life aplenty. Highlights include the entry foyer with a medallion anchored chandelier; a carpeted office/study; the formal living room with built-in bookcases and benching; (the sunrises from here are stunning!); the large formal dining room with a tray ceiling and extensive crown molding accents; and the kitchen. The kitchen includes a massive island, neutral soft-close cabinetry, white subway backsplash tiling, stainless steel Whirlpool appliances (note the smart double oven!), granite countertops and a built-in wine rack! Off the kitchen is a mudroom with built-in cubbies and a sink. Also off the kitchen is breakfast room as well as the spacious carpeted family room, complete with gas fireplace and windows for taking in the most perfect of sunsets. Upstairs (note that awesome black wrought-iron staircase!) you’ll find four bedrooms and three full baths. The primary suite is enormous with an adjacent sitting room (this may easily be a prime office or home gym area!). Also within the primary suite is a stunning walk-in closet (double-door entry, custom shelving and shoe cubbies, oh my!) and access to a long, narrow, carpeted room. The ensuite bath includes a standalone tub, walk-in shower, double vanities and large windows looking out into the woods. All of the additional bedrooms upstairs have double-door closets – note the one bedroom with an ensuite bath (single sink and shower!). The two final bedrooms share a full bath with a tub/shower combo and double sink. The laundry room is also upstairs, and the machinery conveys! Heading to the lower-level, you’ll find the possible fifth bedroom NTC with engineered hardwood flooring. Otherwise, the basement is primarily a carpeted oasis with a walk- through room (perfect for a home office or video game nook), full bath (tub/shower combo) and roomy recreation space with a sliding glass door to the patio. Systems-wise the home has a new well pump as well as an HVAC set-up equipped with humidifying and dehumidifying elements and a whole home Generac generator. Beyond the Fortunes Landing community, so much is within minutes. Multiple grocery, shopping and dining options await along Route 3 within 10 minutes. Two I-95 exits (Route 3 and Massaponax) are within 20 minutes. The heart of Downtown Fredericksburg is just 20 minutes northeast. This quiet, modern, luxurious retreat is waiting to be all yours!
Source: BRIGHT #VASP2032166
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 #VASP2032166
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.
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