JUST LISTED!!! Thoughtful upgrades (including a new main-level in-law suite!), incredible commuting convenience and a serene setting. 16 S. Pointe Lane in Stafford County delivers it all and so much more! Constructed in 1992 and carefully updated through the years, this 4-bedroom, 3.5-bath Cape Cod-style abode sits on 1/3 of an acre in the quiet Ridge Pointe community, where mature trees, peaceful streets and proximity to Fredericksburg’s best amenities make for an unbeatable blend of calm and convenience. Curb appeal comes easy here thanks to its beige exterior, maroon front door, and manicured front yard with a stately tree and flat, easy-to-maintain lawn. The current owners have refreshed the landscaping, added a sprinkler system in both the front and back, and recently restained the welcoming front porch. The asphalt driveway leads to a two-car garage, which is complete with cabinets, countertops and work shelving—ideal for projects and storage alike! Out back, relaxation reigns supreme. The fenced-in yard features three entry and exit points, a shed and a spacious deck with built-in bench seating that easily accommodates gatherings of friends and family. There’s even room to park a utility trailer on the side of the home! With woods beyond the property line, it’s common to spot squirrels and birds outside the kitchen window while sipping morning coffee. Inside, the owners have made numerous thoughtful improvements that make this home feel both modern and warm! The main level features upgraded LVP flooring, new light fixtures and a completely remodeled kitchen where no detail was spared—white cabinets with crown molding, a farmhouse sink, newer appliances and a custom island with seating for two. A pocket door leads to a spacious living room anchored by a farmhouse-style fireplace with built-ins. The main level also includes a standout feature: a full in-law suite addition with its own kitchenette, walk-in shower and private French door entry - perfect for guests or multigenerational living! Upstairs, you’ll find three additional bedrooms and two full baths, inclusive of an airy primary suite with dormer windows and dual closets. Fresh LVP flooring, newer fans, and modern lighting abound, keeping the upper level feeling crisp and bright. Systems- wise, the HVAC was replaced in 2021, the heat pump and air handler in 2020 and the garage door that same year. There’s also a crawl space for extra storage! And when it comes to location, it doesn’t get much better! Downtown Fredericksburg and the Leeland Road VRE station are each less than five minutes away, with grocery stores, restaurants and shopping just as close. For commuters, three I-95 exits (Route 17, Route 3, and Centreport Parkway) are within a 10-minute drive! The home is serviced by Stafford County Public Schools with Grafton Elementary, Dixon-Smith Middle and Stafford High School as its designated spots. This delightful Ridge Pointe residence combines the serenity of a quiet community with the convenience of so much in the Fredericksburg region. Book your showing of 16 S. Pointe Lane today!
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.
