5008 Blake Dr, Fredericksburg, VA 22407
3 beds · 2 baths · 1,590 sqft
Welcome to 5008 Blake Drive – a beautifully maintained and tastefully updated two-level home offering 3 spacious bedrooms, 1.5 baths, and 1,590 square feet of inviting living space, and a 1 car garage with NO HOA. New roof installed (2023), new water heater (2023) and a water filtration system (2022). Step inside to find warm wood flooring, stylish accent trim work, and an open-concept layout that seamlessly connects the main living areas — ideal for everyday living and entertaining alike. The kitchen and living spaces feature modern updates that blend comfort and style, while large windows bring in an abundance of natural light. Upstairs, you’ll find three generous bedrooms and a full bath, creating a peaceful retreat for everyone. Outside, enjoy a fully fenced, flat backyard ideal for gatherings or pets, complete with a stamped concrete patio and a handy storage shed. Whether you’re sipping your morning coffee or hosting a summer BBQ, this backyard is built for relaxation. Located in a desirable, well-established neighborhood close to shopping, schools, and commuter routes, this home offers the perfect blend of charm, function, and convenience. Don’t miss your chance to make this move-in ready gem your own — schedule a tour today!
Source: BRIGHT #VASP2033904
Source: BRIGHT #VASP2033904
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.