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11714 Falcon Ridge Dr, Fredericksburg, VA 22407
4 beds · 3 baths · 1,728 sqft
Nestled on a spacious corner lot, this adorable single-family home offers charm, comfort, and modern updates in an inviting package. The moment you approach the front porch you are invited to sit and enjoy the peaceful surroundings. The fully fenced backyard, complete with a generously sized deck, provides ample space for outdoor entertainment, relaxation, and family gatherings. Step inside to find a warm and welcoming main level with beautiful hardwood floors throughout. The eat-in kitchen boasts an island (which conveys), updated cabinetry, granite counters, and modern stainless steel appliances, making it a true heart of the home. Adjacent to the kitchen is a cozy living room and a formal dining room, featuring a stunning stone fireplace as the focal point. Completing this level is a convenient half bath, a laundry room, and access to the oversized two-car garage. A bonus: the garage has a backyard door for easy access to the large shed and outdoor spaces. The upper level continues the warm ambiance with hardwood floors throughout all four spacious bedrooms, each with a ceiling fan. These bedrooms are perfect for creating personalized spaces, whether for family, guests, or a home office. Both upstairs bathrooms have been thoughtfully updated. The primary bedroom offers a walk-in closet and spa like bathroom with walk in shower and double bowl vanity. This home offers thoughtful design, attention to detail and is carefully maintained. Located near shops, dining, commuter lots, and more make this home a perfect choice for those looking for a place to call home.
Source: BRIGHT #VASP2033408
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 #VASP2033408
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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