Welcome home to this beautiful three-level townhome offering more than 2,500 square feet of modern comfort and effortless style, ideally located near Fredericksburg. Thoughtfully designed with spacious living areas and contemporary touches throughout, this home perfectly blends functionality with warmth and charm. At the center of the home, the gourmet kitchen is sure to impress with abundant cabinetry, upscale finishes, and generous prep and gathering space perfect for both casual mornings and entertaining guests. The main level features beautiful flooring, soaring 9-foot ceilings, and an open, light-filled layout that creates an inviting atmosphere from the moment you enter. A desirable three-level bump-out adds even more living space, giving the home an airy and expansive feel. Upstairs, the spacious primary suite offers a relaxing retreat complete with a cozy sitting area, oversized walk-in closet, and a beautifully upgraded en-suite bath designed for comfort and convenience. Additional bedrooms provide flexibility for family, guests, a home office, or creative space. The fully finished lower level offers exceptional versatility with a large family room and walk-out access to the backyard. Currently being used by the tenant as an additional bedroom, this space easily adapts to a variety of lifestyle needs. A rough-in for a future bathroom and abundant storage space provide even more possibilities for customization. Outdoor living is just as enjoyable with a wraparound deck that’s perfect for morning coffee, grilling, or relaxing evenings outdoors, with steps leading down to the backyard. A one-car garage adds everyday convenience, while community amenities including tennis courts, playgrounds, and scenic walking trails complete the lifestyle this wonderful home has to offer. Ideally located just minutes from historic downtown Fredericksburg and the shopping and dining of Central Park, this home offers both accessibility and charm. Currently tenant-occupied through June 30, 2026, this property presents a fantastic opportunity for both homeowners planning ahead and savvy investors alike. Schedule your showing today to see this wonderful home in person. Inside pictures taken before current tenant moved in.
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.
