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421 Mount Olive Rd, Fredericksburg, VA 22406
5 beds · 4 baths · 4,428 sqft
Discover the perfect blend of comfort and elegance in this stunning five-bedroom, four-bathroom home nestled in the heart of Fredericksburg. This newly listed property offers a generous 4,428 square feet of luxurious living space, thoughtfully designed to accommodate both lively gatherings and quiet moments alike. Step inside to find an expansive open kitchen — the ideal backdrop for culinary exploration and effortless entertaining. A bedroom and bathroom on the main level provide convenience and privacy for guests or can serve as a dedicated home office. The primary bedroom is a true retreat, boasting a luxury bathroom that promises relaxation and rejuvenation. Enhance your lifestyle with exceptional outdoor features, including a sparkling swimming pool surrounded by a spacious deck, perfect for hosting summer barbecues or soaking up the sun. The screened deck offers a serene space for evenings spent enjoying the fresh air without the bother of insects. The adventure continues in the fully finished basement, where you can indulge in a variety of activities. It houses a recreational room, a game room, and or hobby room/exercise room — each designed to cater to your hobbies and wellness routines. Additionally, ample storage space ensures that every item has its place. This home not only provides breathtaking indoor amenities but also sits on a substantial lot that affords privacy and ample space for outdoor activities. Conveniently positioned close to major commuter routes, this residence combines tranquility with accessibility, making it an ideal choice for those seeking a balanced lifestyle. With no detail overlooked, this home is ready to provide its new owners with a blend of modern functionality and timeless comfort. Embrace a life of luxury and convenience in this exquisite Fredericksburg residence. Xfinity high speed internet available with speed recently tested at 944 Mbps down and 42 Mbps up. Seller does have an assumable VA loan at 3.25%.
Source: BRIGHT #VAST2038410
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAST2038410
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.
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