Sign in to see required down payment for the 3.37% rate
11 Garnet Way, Fredericksburg, VA 22405
5 beds · 3 baths · 4,420 sqft
**MOTIVATED SELLER! ** Relocating to Florida! Let’s make a deal. Assumable mortgage at an INCREDIBLE 3.375%! Welcome to Cambridge Crossing in Falmouth, where timeless design meets everyday convenience. Nestled on a quiet cul-de-sac just across from Falmouth Elementary and north of the Rappahannock River—offering easy access without bridge traffic delays—this stately brick-front residence offers over 5,400 square feet of beautifully appointed living space. Step through the dramatic two-story foyer and immediately feel the sense of scale and elegance that defines this home. With soaring 9+ foot ceilings, detailed crown molding throughout, chair rail molding, and freshly painted interiors, the open-concept layout flows seamlessly from one generous space to the next. At the heart of the main level lies an expansive kitchen with walk-in pantry, sun-drenched breakfast nook, and bar area—perfect for everyday living and entertaining alike. Designed around a distinctive octagonal floor plan, the home offers incredible flexibility with 4 to 5 bedrooms (with the possibility of another 6th bedroom and full bath with roughed in plumbing in the basement), 2.5 baths, and the potential for a sixth bedroom and an additional full bath (with roughed-in plumbing already in place). The main level also features a versatile flex room ideal for a home office, guest room, or playroom. Upstairs, retreat to the luxurious primary suite complete with a spacious sitting area, dual walk-in closets, oversized vanities, a soaking tub, and a separate walk-in shower. Additional upper-level bedrooms are generously sized and the laundry room is conveniently located on the same floor. Outdoors, enjoy the fully fenced backyard from the elevated deck just off the kitchen—perfect for quiet evenings or weekend gatherings. Recent improvements include a brand-new roof and an oversized water heater, ensuring peace of mind for years to come. A spacious two-car garage and a mostly finished basement with additional storage and bathroom rough-in complete the package. Located just 8 minutes from I-95, 5 minutes to Route 1, 5 min to Carls Ice Cream in downtown Fredericksburg, 10 min from the downtown Fredericksburg VRE, 31 minute from Quantico Base, 50 Minutes to the Navy Yard and 40 Min to Fort Belvoir! This home offers both refined comfort and commuter-friendly convenience. Opportunities like this—offering space, flexibility, and an assumable low-rate mortgage—are rare. Schedule your showing today!
Source: BRIGHT #VAST2038402
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 #VAST2038402
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.
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 commitment required to start