LIKE NEW - PREMIUM LOCATION - END UNIT TOWNHOME: Start Summer right in this beautifully maintained townhome at 208 Regester Chapel Rd in Stafford, VA! Offering a rare combination of privacy, location, and curb appeal, this end unit in the upscale Bells Hill community sits a premium corner lot at the end of a quiet cul-de-sac. Boasting an expansive side yard, fully fenced back yard, and brand new Trex-made deck, you will find a sense of space and privacy seldom found in townhome living. The 2021 construction ensures modern structural integrity, while the thoughtful placement provides a serene retreat from the daily bustle. | Step inside to find 2,420 square feet of sophisticated living space defined by quality appointments and high-end finishings. The home features three spacious bedrooms on the top floor, and three-and-a-half bathrooms throughout, including an owner’s suite with generous walk-in closet and a spa-like en-suite bath. At the heart of the central floor is a gourmet kitchen, thoughtfully upgraded with quartz countertops, an oversized central island, dual oven, gas range, and premium stainless steel appliances. To either side of the kitchen are large, flexible living spaces lending themselves to a family room, library, formal dining, and more. Hard-surface flooring and integrated smart home technology throughout the main levels further elevate the contemporary feel. | The location is unparalleled in the greater Fredericksburg area. Ideally situated for government employees or D.C. commuters, Bells Hill offers rapid access to major transit hubs. You are just 1.5 miles from I-95 and less than 4 miles from the Virginia Railway Express (VRE), which provides direct rail service to the Pentagon, Union Station, and more. Additionally, the nearby 610 Park and Ride offers convenient OmniRide bus connections, making your daily journey efficient and stress-free. Beyond the commute, you are minutes away from the shopping and dining at Embrey Mill and the state-of-the-art Stafford Hospital. | Welcome to space. Welcome to style. Welcome to a great investment in the heart of the NOVA - Fredericksburg region. Come explore 208 Regester Chapel Road 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.
