1550 Clover Dr
Fredericksburg, VA 22407
4 beds · 4 baths · 3,437 sqft
$579,000
Get prequalifiedAbout this home
Welcome to your dream retreat—where timeless charm meets modern convenience. Nestled on a beautifully wooded and private .8 acre lot, this spacious 3-level Cape-style home offers over 3,400 square feet of flexible living space, perfect for today’s lifestyle. The thoughtfully designed floor plan strikes the ideal balance between open-concept gathering spaces and private nooks—great for entertaining or working from home. The completely renovated kitchen (2024) serves as the heart of the home, featuring high-end finishes and ample space for culinary creativity. Step out onto the rear deck and take in the serene views of mature trees—your own peaceful escape just minutes from I-95 and shopping. Whether you’re enjoying your morning coffee or hosting summer dinners al fresco, the privacy is a welcoming backdrop. The walk-out lower level offers incredible versatility with a full apartment that includes a private entrance, full kitchen, spacious living/dining area with a cozy wood-burning fireplace, a large bedroom, full bath, and walk-in closet. It’s fully wheelchair accessible—perfect for multigenerational living, guests, or even rental potential. Additional highlights include: • 4 bedrooms and 4 full baths • Side-loading 2-car garage with an oversized driveway • New HVAC (2025) and new roof (2024) • Established neighborhood with a prime location for commuters This home is a rare find—offering space, privacy, and convenience all in one. Don’t miss your opportunity to make it yours!
Source: BRIGHT #VASP2033870
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
Fredericksburg, VA 22407
4 beds · 4 baths · 3,437 sqft