Amazing Location!! Thoughtful upgrades, standout flexibility (hello, main-level in-law suite!) and unbeatable commuter convenience come together beautifully at 16 S. Pointe Lane in Stafford County. Originally built in 1992 and carefully improved over the years, this charming 4-bedroom, 3.5-bath Cape Cod-style home sits on a peaceful ⅓-acre lot in the quiet Ridge Pointe community. With mature trees, calm streets and easy access to the best of Fredericksburg, it’s the perfect balance of tranquility and everyday convenience. From the moment you arrive, the home makes a warm first impression. A classic beige exterior, maroon front door and manicured yard with a stately shade tree create instant curb appeal. The current owners have enhanced the landscaping, added a sprinkler system to both the front and back yards, and freshly restained the inviting front porch. An asphalt driveway leads to the two-car garage, complete with cabinets, countertops and work shelving—ideal for hobbies, projects or extra storage. Out back, the home really shines. The fully fenced yard includes three access points, a storage shed and a spacious deck with built-in bench seating that’s ready for summer barbecues, evening gatherings or quiet mornings with coffee. There’s even room along the side of the home to park a utility trailer. With woods just beyond the property line, the backyard offers a peaceful backdrop where squirrels and birds are regular visitors outside the kitchen window. Step inside and you’ll immediately notice the thoughtful updates that blend modern style with cozy comfort. The main level features upgraded LVP flooring, updated lighting and a beautifully remodeled kitchen that truly serves as the heart of the home. Highlights include crisp white cabinetry with crown molding, a farmhouse sink, newer appliances and a custom island with seating for two—perfect for casual meals or conversation while cooking. Just off the kitchen, a pocket door opens to a spacious living room centered around a farmhouse-style fireplace with built-ins, creating a welcoming space to relax or entertain. One of the home’s most valuable features is the private main-level in-law suite addition. Complete with its own kitchenette, walk-in shower and French door entry, it’s ideal for guests, multigenerational living, a private office or even long-term stays. Upstairs, three additional bedrooms and two full baths provide plenty of room for everyone. The primary suite feels bright and airy thanks to charming dormer windows and dual closets. Fresh LVP flooring, newer ceiling fans and updated lighting keep the entire upper level feeling crisp and refreshed. Major systems have also been thoughtfully maintained, including HVAC (2021), heat pump and air handler (2020), and garage door (2020). A crawl space provides additional storage options as well. And the location? It’s hard to beat. Downtown Fredericksburg and the Leeland Road VRE Station are each less than five minutes away, putting dining, shopping and commuter rail access practically at your doorstep. Grocery stores, restaurants and everyday essentials are just as close, and commuters will appreciate quick access to three nearby I-95 exits—Route 17, Route 3 and Centreport Parkway—all within about a 10-minute drive. The home is served by Stafford County Public Schools, with Grafton Village Elementary School, Dixon-Smith Middle School, and Stafford High School as its designated schools. Peaceful neighborhood living, flexible space and a commuter-friendly location—16 S. Pointe Lane truly checks all the boxes. Schedule your showing and come see it for yourself!
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.
