Welcome to 6912 Barclay Drive, Fredericksburg in sought after River Glen off of River Road. A truly exceptional custom-built estate offering 5 bedrooms, 5.5 bathrooms, oversized garage, main level primary suite, resort-style outdoor living, a pool house and an independent apartment rarely found in today's market. Thoughtfully designed for multigenerational living, entertaining, and everyday comfort, this home combines luxury, functionality, and incredible attention to detail. From the moment you arrive, you'll appreciate the professionally landscaped grounds, freshly resealed driveway, covered front porch, and impressive curb appeal. Inside, the home showcases spacious open concept living areas, high-end finishes, smart-home technology, and countless upgrades throughout. The gourmet kitchen was designed with entertaining in mind and features premium quartz countertops, a commercial-grade six-burner gas range with griddle, two ovens in main house and one oven in the apartment, beverage and wine refrigerators, as well as a walk-in pantry with abundant storage, prep space and an additional sink and refrigerator. One of the home's most unique features is the fully independent apartment suite. Perfect for multigenerational living, guests, caregivers, an au pair, or extended family, the suite offers a private exterior entrance, interior access to the main home, sound-insulated walls, a full kitchen, separate living area, and dedicated washer and dryer. Step outside and discover vacation in your backyard. The saltwater pool features an 8-foot deep end with a diving board. The pergola-covered entertaining area, multiple outdoor spaces, extensive hardscape, and pool house create the ultimate backyard hangout. The pool house is 768 square feet and is equipped with a large recreation/theater room, kitchenette with refrigerator and microwave, full bathroom, laundry facilities, mini-split HVAC system, and sound system, making it ideal for entertaining family and friends all summer long. Technology and convenience are woven throughout the property with a whole-home 22kW Generac generator with automatic transfer switch, 400-amp electrical service, 13-camera 4K security system, four Nest thermostats, 16-zone irrigation system, conditioned crawl space, motion-sensing lighting, and extensive built-in audio systems serving the home, front porch, pool house, and outdoor living areas. Car enthusiasts, hobbyists, and workshop lovers will appreciate the well-lit oversized climate-controlled garage and workshop space featuring mini-split heating and cooling, built-in workbench with abundant storage. Unlock the potential of a 900 sq. ft. finished walk-out basement space offering endless possibilities: a woodworking shop with a dedicated room with an exhaust system-perfect for staining or painting; a home gym-with a dedicated room for your sauna or cold plunge pool; recreational room; art studio; photography studio; or DIY projects. Homes of this caliber rarely become available. Offering luxury amenities, exceptional craftsmanship, resort-style outdoor living, and unmatched flexibility with a fully independent apartment, 6912 Barclay Drive is truly a one-of-a-kind opportunity in Fredericksburg close to shopping, grocery stores (Wegmans and Publix!) and downtown Fredericksburg!
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.
