Welcome home to this beautifully maintained three-level townhome offering over 2,500 square feet of stylish, comfortable living in a prime location near Fredericksburg. From the moment you step inside, you’ll appreciate the thoughtful upgrades and inviting layout designed for both everyday living and effortless entertaining. The heart of the home is the gourmet kitchen, featuring high-end finishes, abundant cabinetry, and plenty of space to gather with family and friends. Beautiful flooring flows throughout the main level, enhanced by soaring 9-foot ceilings that create an open, airy feel. The spacious living room offers a warm and inviting setting, further expanded by a desirable three-level bump-out that provides extra room to relax and unwind. Upstairs, the luxurious primary suite serves as a true retreat, complete with a cozy sitting area, a generous walk-in closet, and an upgraded en-suite bath designed with comfort in mind. Additional bedrooms offer flexibility for guests, a home office, or hobbies. The fully finished lower level features a welcoming family room with walk-out access to the backyard and is currently being utilized by the tenant as an additional bedroom, offering excellent flexibility for a variety of living needs. A rough-in for an additional bathroom and abundant storage space provide even more potential for future expansion or customization. Step outside to enjoy the wraparound deck, ideal for morning coffee or evening gatherings, with steps leading down to the backyard. A one-car garage adds everyday convenience, while community amenities—including tennis courts, playgrounds, and scenic trail to create a lifestyle that balances relaxation and recreation. 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.
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.
