Tucked at the end of a lovely cul-de-sac in one of Fredericksburg’s most private and established neighborhoods, 13004 Crested Court offers an exceptional blend of space, thoughtful updates, and a lifestyle defined by privacy, nature, and convenience. Recent improvements include new double attic insulation, a new HVAC compressor, brand new refrigerator, updated radon system mechanicals, rear deck painting, extensive tree trimming, and major front yard landscaping enhancements. Drainage improvements have also been completed to direct water away from the home, adding long-term peace of mind. Set on a spacious lot surrounded by mature trees and wooded buffers, this property offers rare privacy with homes thoughtfully spaced apart. The professionally designed landscaping and recent grooming create a setting that is both welcoming and low maintenance. Inside, the home makes a striking first impression with soaring 20-foot ceilings in the entryway and a layout that feels both open and functional. Guests often comment on the size and inviting feel, with dedicated formal living and dining rooms that provide ideal spaces for entertaining. The kitchen and family room flow seamlessly together, anchored by a center island, gas fireplace, and a stunning bay window overlooking the wooded backdrop. This space easily accommodates gatherings while still feeling comfortable for everyday living. Upstairs, the primary suite is exceptionally spacious, offering room for a sitting area along with a step-down flex space ideal for a dressing area, office, or private retreat. Secondary bedrooms are generously sized and enjoy peaceful views of the surrounding landscape, including beautiful morning sunrises. The finished lower level is designed for versatility and enjoyment, currently set up as a home theater (the wall padding can be removed) with additional space for seating, recreation, or flexible use. Outdoor living is a true highlight, featuring a welcoming front porch with peaceful sunset views, an upper deck overlooking the forest and a year round stream, and a lower-level entertaining area accessed by a dramatic spiral staircase. The backyard offers flexibility to expand entertaining space while maintaining privacy, with direct access to the surrounding wooded areas. The neighborhood offers a rare combination of privacy and connection, with wide streets, mature trees, and a true sense of community. All of this is just minutes from shopping, dining, commuter routes, VRE access, and historic downtown Fredericksburg. Bright, welcoming, and versatile, this home delivers a unique combination of space, setting, and lifestyle, a private retreat that remains close to everything.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
