Nestled in the charming Heritage Court community, this FULLY RENOVATED townhouse offers a perfect blend of comfort and modern living. With 1,320 square feet of tastefully designed and updated space, this home features four spacious bedrooms and two full bathrooms, making it ideal for those seeking room to grow, entertain or turn it into an investment property. Step inside to discover a warm and inviting atmosphere of this well maintained home, with fresh paint throughout, highlighted by new luxury vinyl plank flooring that flows seamlessly throughout the main living areas. The combination kitchen and dining space is perfect for gatherings, featuring a stylish island that invites culinary creativity and modern lighting. Equipped with stainless steel appliances, including a built-in microwave, dishwasher, and electric oven/range, this updated kitchen is a chef's dream. For added convenience, a stacked washer and dryer are included, making laundry days a breeze. The nice size bedrooms have been updated with plush brand new carpeting, providing a soft retreat at the end of the day. Ceiling fans throughout the home ensure a comfortable climate year-round. Enjoy entertaining friends and family on the large outside deck, with a fully fenced in backyard for privacy and even a new shed for additional storage space for your gardening tools/outdoor gear. Located close to shopping, dining, entertainment, near Dahlgren, King George, and easy commute to Fredericksburg, this home offers convenient access to everything while maintaining a comfortable residential setting. This move in ready property is not just a house; it's a place where you can truly feel at home with pride of ownership and character. Don't miss the opportunity to make it yours! Schedule your showing today.
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.
