Welcome to 7410 Ni River Landing, a beautifully maintained home offering over 3,800 finished square feet on 1.38 private acres in one of Spotsylvania County's most desirable communities. With 5 bedrooms, 4.5 baths, a finished walkout basement, and numerous updates throughout, this home offers the perfect combination of space, comfort, and functionality. Thoughtfully improved and meticulously cared for over the years, this move-in-ready property is ready for its next chapter. Tucked among mature landscaping and backing to wooded privacy, the property immediately impresses with its side-load two-car garage, expansive driveway, and park-like setting. The backyard is designed for both relaxation and entertaining, featuring a composite Trex deck, multiple patio areas, an in-ground irrigation system, and two storage sheds that convey. Inside, you'll find spacious rooms, abundant natural light, and thoughtful updates throughout. The main level features a dedicated home office with custom built-ins, a formal dining room with crown molding and a bay window, an updated powder room, and a large family room centered around a gas fireplace. The kitchen offers abundant cabinetry, stainless steel appliances, a center island, pantry, and a bright breakfast area overlooking the private backyard. Recent improvements include fresh paint throughout much of the home, upgraded LED lighting, smart locks, Ecobee smart thermostats, a generator transfer switch, and a newer refrigerator. Major system updates include a new HVAC system (2016), roof replacement (2017), heat pump (2019), and Trex deck installation (2019). Upstairs, the spacious primary suite serves as a true retreat with a custom closet system and a beautifully renovated ensuite bath completed in 2018, featuring quartz countertops, dual vanities, a soaking tub, a glass-enclosed shower, and a private water closet. Three additional bedrooms are located on the upper level, all featuring luxury vinyl plank flooring installed in 2020 and walk-in closets. One bedroom enjoys the privacy of its own attached full bath, creating an ideal princess suite for guests, older children, or multi-generational living, while the remaining two bedrooms share a convenient Jack-and-Jill bathroom, offering the perfect balance of privacy and functionality for family and guests alike. The finished walkout basement provides exceptional flexibility with a large recreation room, fifth bedroom, full bath, and kitchenette complete with cabinetry, sink, microwave, and beverage refrigerator—ideal for guests, multi-generational living, hobbies, or entertaining. Residents enjoy low HOA fees and access to the Ni Reservoir, offering opportunities for fishing, kayaking, and enjoying the natural beauty that makes this community so special. Conveniently located just minutes from Salem Fields, Harrison Crossing, Downtown Fredericksburg, VRE, I-95, shopping, dining, and everyday conveniences. From its spacious floor plan and private wooded setting to its extensive updates and flexible living spaces, 7410 Ni River Landing offers the rare combination of room to grow, everyday comfort, and a location that is hard to replicate. This exceptional property is ready to welcome its next owners home.
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.
