Stunning All-Brick Estate on 2 Private Acres – No HOA! Experience the perfect blend of timeless elegance and peaceful country living in this impeccably maintained 4-bedroom, 4.5-bath all-brick estate, ideally situated on a level, private 2-acre lot in a prime Stafford location. From the moment you arrive, the circular driveway and stately brick exterior set the tone for what’s inside. Gleaming hardwood floors and abundant natural light welcome you upstairs. The stunning living room features a charming bay window with built-in bench seating — the perfect place to relax and take in views of your expansive property. French doors open seamlessly into the formal dining room, creating an effortless flow for entertaining. Step out onto the balcony to enjoy your morning coffee or unwind on warm summer evenings while watching wildlife across your private acreage. The spacious kitchen offers generous counter space and ample cabinetry, giving you flexibility for casual dining with a kitchen table or hosting in the formal dining room — the choice is yours. Upstairs, you’ll find three generously sized bedrooms and three full bathrooms, including two bedrooms with private en-suite baths. The third bedroom is served by a full hallway bath, offering both comfort and privacy for family or guests. The finished walk-out basement is a true showstopper, highlighted by a dramatic full-wall brick fireplace hearth that anchors the inviting family room. Whether you’re cozying up by the fire, hosting movie nights, or entertaining friends, this space delivers warmth and versatility. Currently arranged with a bar area, the additional recreation space is perfect for a pool table, home gym, crafting corner, or media room. Double doors lead to the expansive deck — ideal for outdoor lounging and gatherings. The lower level also features a private primary suite retreat with dual closets and a spacious en-suite bath complete with a jetted soaking tub — your personal escape at the end of the day. A large laundry room includes not only a utility sink but also a dedicated dog-washing station — a rare and practical bonus! This is no ordinary 2-car garage. Designed with functionality in mind, it features: A center floor drain for indoor vehicle washing, a convenient half bath, a large ventilation hood system ideal for woodworking or auto projects. Whether you’re a car enthusiast, hobbyist, or simply love a well-equipped workspace, this garage delivers. Step outside to enjoy your beautifully manicured, fenced backyard oasis. Host gatherings on the upper deck or relax on the lower patio while soaking in the privacy of your two acres. Recent updates provide added peace of mind, including new water softener system 2025, Well pump 2025, Chimney sweep & seal, Fireplaces cleaned 2025, Roof & Gutters 2021, Updated basement carpeting. Complete with a side-load 2-car garage and no HOA restrictions, this exceptional property offers the ideal balance of space, privacy, and convenience. Whether you’re seeking multi-generational living, a private guest suite, or simply room to breathe — this home truly has it all.
54 Richards Ferry Rd, Fredericksburg, VA 22406
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.
