Sign in to see required down payment for the 5.1% rate
11 Cardinal Dr, Fredericksburg, VA 22406
5 beds · 3 baths · 2,422 sqft
Imagine waking up each morning surrounded by trees, the sound of a birds chirping, and nothing but 4.8 acres of your own Stafford County land to roam—this is more than a home, it's a lifestyle. Welcome to 11 Cardinal Drive—a charming cabin retreat nestled on over 4.8 private wooded acres in Fredericksburg. This cozy chalet-style home blends rustic charm with modern functionality, offering a peaceful escape just minutes from Route 17 and a short drive to downtown Fredericksburg. Originally built in 1983, the main level features vaulted ceilings, hardwood floors, and a stunning floor-to-ceiling brick fireplace that creates a warm, inviting atmosphere. The kitchen includes ample cabinet space, space for a table and an island, and an adjoining sunroom filled with natural light—perfect for quiet mornings or entertaining guests. The primary bedroom and a full bathroom are located on the main level, with two additional bedrooms upstairs, one being a loft style bedroom. The recently finished walk-out basement significantly expands the living space, featuring two additional bedrooms, a full bathroom, and a kitchenette setup ideal for a mini apartment, guest suite, or potential rental income- all you need is the appliances. With a separate entrance, this space offers privacy and flexibility for multi-generational living. Step outside to enjoy a fully fenced yard, ideal for pets or outdoor gatherings. A large rear deck overlooks the woods and one of three peaceful creeks on the property. The home also includes an oversized 2-car attached garage and a detached four-car garage/workshop, providing plenty of space for vehicles, storage, or hobby use. Additional updates and neat features include: 2024 HVAC replaced, basement finished in 2025, new washer, dryer, dishwasher and refrigerator. Fully fenced in yard for animals, hardwood floors, built in Murphy bed, kitchenette set up in the basement, safe room/gun room, comes fully furnished minus a few pieces! Home inspection, radon and termite inspections are complete! This unique property offers the perfect blend of seclusion and convenience, with ample outdoor space, versatile living areas, and easy access to shopping, dining, and commuter routes. Don’t miss this rare opportunity to own a private retreat with room to grow in the heart of Fredericksburg.
Source: BRIGHT #VAST2040360
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 #VAST2040360
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.