310 Edwards Dr, Fredericksburg, VA 22405
4 beds · 3 baths · 2,246 sqft
MAJOR PRICE REDUCTION! THESE SELLERS ARE SERIOUS! This spacious and beautiful home is a must-see for the buyer who is looking for the total package! The kitchen features granite countertops, stainless steel appliances, upgraded cabinetry, and hardwood floors that continue into the dining and living rooms, creating a warm and cohesive feel throughout the main level. The primary bedroom offers a walk-in closet and the en-suite bathroom was fully renovated in 2024 and now features a stunning walk-in shower. Two additional bedrooms and a full bath provide plenty of space for family or guests. Downstairs, you'll find the third full bath, a large den/office previously used as a fourth bedroom (NTC), a huge family room, a generous storage room, and a separate linen closet—plenty of space for living and entertaining. Step outside to a nice-sized deck and patio, perfect for cookouts and entertaining. Recent upgrades include a new HVAC system (2024), built-in microwave (2025), dishwasher and garbage disposal (2024), and roof (2022).
Source: BRIGHT #VAST2039358
Source: BRIGHT #VAST2039358
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.