Charming Colonial Retreat at 33 Summerfield Lane, Fredericksburg, VA 22405 Nestled in the heart of historic Fredericksburg—perfectly positioned midway between the vibrant energy of Richmond and the bustling corridors of Washington, D.C.—this exquisite 4-bedroom, 2.5-bathroom Colonial-style home at 33 Summerfield Lane offers the ideal blend of timeless elegance and modern convenience. Built in 2003 and spanning an inviting 2,544 square feet, this gem resides in the desirable Stratford Place subdivision, where tree-lined streets and a strong sense of community create a serene suburban escape. Step inside through the welcoming foyer and be captivated by the light-filled, open-concept main level. The formal living and dining rooms frame the heart of the home: a spacious eat-in kitchen boasting granite countertops, black stainless steel appliances, and ample cabinetry,. Adjacent, the cozy family room features a gas fireplace, ideal for cozy evenings, and flows seamlessly to the rear deck and brick paver patio overlooking a lush, partially fenced backyard oasis—your private canvas for gardening, play, or al fresco entertaining. Upstairs, the master suite serves as a tranquil retreat with its vaulted ceiling, generous walk-in closet, and luxurious en-suite bathroom complete with dual vanities and a gorgeous oversized glass-enclosed shower. Three additional well-appointed bedrooms and a central flex space, share a full hall bathroom, providing ample space for family, guests, or a home office. A convenient powder room on the main level ensures effortless hosting. This home's thoughtful design extends to practical living: a two-car attached garage offers storage galore, while the unfinished basement presents endless potential for customization—a media room, gym, or additional storage. Energy-efficient updates, including newer HVAC and windows, keep comfort year-round without compromise. Recent upgrades include new paint, LVP and carpet flooring Aug 2022; air duct cleaning Oct 2023; new tankless water heater Feb 2024; master bathroom remodeled May 2025, upstairs hall bathroom remodeled Sep 2025; new exterior paint Sep 2025; new interior black door hardware Sep 2025. Location is everything, and 33 Summerfield Lane delivers. You're mere minutes from the Leeland Station VRE commuter rail for an easy 60-minute ride to D.C., with quick access to I-95 for seamless travel. Downtown Fredericksburg's charming shops, acclaimed restaurants, and Civil War-era landmarks are just a short drive away, complemented by nearby parks, top-rated schools in the Stafford County district, and recreational hotspots like the Rappahannock River for kayaking or trails at Fredericksburg Battlefield.
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.
