24 Cannon Knolls Dr
Fredericksburg, VA 22406
4 beds · 4 baths · 3,108 sqft
$645,000
Get prequalifiedAbout this home
Welcome to your very own private homestead in South Stafford, where charm, privacy, and modern updates come together on just over 3 acres of beautiful land. Tucked away in a quiet neighborhood, this property offers the freedom and space to live the country lifestyle without sacrificing convenience. Step inside and you'll find a home that has been thoughtfully and extensively renovated. Nearly everything has been updated—new windows, siding, house wrap, soffits, 6-inch gutters with gutter guards, garage doors, and even a brand new front door. The HVAC system and electric hot water heater have been fully replaced, giving you peace of mind for years to come. The heart of the home is the beautifully remodeled kitchen featuring brand new cabinets, granite countertops, stainless steel appliances, and a farmhouse sink. On the main level, luxury vinyl plank flooring adds warmth and style, while upstairs, plush new carpet makes every bedroom feel fresh and inviting. Both bathrooms have been updated as well, including a brand new primary shower and refreshed hall bath. Fresh paint throughout the home ties everything together. Out back, a new deck invites you to relax and take in the peaceful surroundings. Whether you're watching the sunrise, entertaining guests, or just enjoying the quiet, this space is ready for it all. For those dreaming of a small farm or simply space to spread out, the 30x36 barn is ready for animals or hobbies. With 8-foot covered porches on each side, water, and a dedicated 100-amp electric panel, it’s perfect for horses, chickens, or even Highland cows. And yes—bring your hens, because eggs are expensive and nothing beats fresh ones from your own backyard. This home also includes a water filtration system replaced in 2021, offering even more comfort and practicality. Here, you’ll find the rare combination of rural living and neighborhood connection, with the added bonus of South Stafford charm. Whether you're looking to plant roots, start a mini farm, or simply enjoy more space and peace, this property is ready to welcome you home.
Source: BRIGHT #VAST2040492
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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.
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Fredericksburg, VA 22406
4 beds · 4 baths · 3,108 sqft