16 Little Field Dr
Fredericksburg, VA 22405
5 beds · 4 baths · 3,012 sqft
$624,900
Get prequalified16 Little Field Dr
Fredericksburg, VA 22405
5 beds · 4 baths · 3,012 sqft
$624,900
Get prequalifiedCome visit this house and stay to make it your home! We have just had the home painted, new deck. Welcome to this beautiful home. Just picture after a long day relaxing in your pool and melting the day away in what feels like a very private back yard since it does not back up to any other homes. Then enjoy making an amazing meal in your gourmet kitchen with granite countertops. With a formal sitting and dining room there is ample space for entertaining during the holidays or just to enjoy family and friends. There is a great room on the main floor with French doors that is prefect for an office, play room, or for school work. This home features one large master bedroom with a private sitting room that can be used as an office, craft room, nursery or whatever else the imagination can drum up. With a sizable walk-in closet, and massive soaker tub this owners suite will be sure to make everyone happy. The spacious four additional bedroom rooms (one in basement NTC) makes it so everyone has a space of their own. Sit back and relax and watch your favorite movies in the already wired theater room in the basement. There is a second living space in the basement with a walk up entrance that allows for even more space for everyone to stretch out in this home. The basement includes a wet bar, stove and a great space for homework or snacks to be served. Come take a tour of this home today and make it your home! THE PROPERTY IS SOLD AS IS. THE SELLERS MAY NEED A FEW DAYS OF RENTBACK.
Source: BRIGHT #VAST2040498
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.