Welcome to this stunning three-level Colonial nestled in the highly sought-after gated community of The Laurels, where privacy, thoughtful updates, and exceptional outdoor living combine to create a truly special home. Tucked away at the end of a long private driveway and set back from the main road, the property offers a peaceful setting with beautiful, manicured landscaping, a two-car side-loading garage, and an extra-wide driveway providing ample parking for guests. Step inside to a light-filled two-story foyer that immediately showcases the home’s warmth and elegance. Gleaming hardwood floors flow through the entry, hallways, formal living room, dining room, and sitting room, complemented by oversized windows that fill the home with natural light. The main level offers a wonderful layout for both everyday living and entertaining, anchored by a spacious kitchen and family room combination. The kitchen features a large center island, stainless steel appliances, cooktop, double ovens, built-in microwave, and a generous eat-in area perfect for casual dining. Sliding doors off the kitchen lead to an incredible outdoor living space that elevates this home to another level. The approximately five-year-old Trex deck overlooks the flat, fully fenced backyard and is enhanced by a stunning custom covered and screened addition completed in 2023. This beautiful space features pillar-to-pillar screening, a hand-stained pitched wood ceiling, ceiling electrical, and power run to the far end of the deck, making it ideal for fans, heaters, or entertainment setups. The deck flows seamlessly down to a custom paver patio installed in 2023 with built-in bench seating and integrated lighting, creating the perfect environment for gatherings, relaxing evenings, and outdoor dining. A dedicated propane line for the grill adds convenience, and a storage shed provides additional space for tools and equipment. Inside, the family room offers a cozy fireplace, making it an inviting space for relaxing on cooler evenings. Upstairs, the home features four spacious bedrooms and two full bathrooms. The large primary suite is highlighted by four oversized windows, a vaulted ceiling, and a walk-in closet. The primary bath includes a corner jacuzzi tub, separate shower, and double vanity. The fully finished lower level expands the living space even further with a large recreation area and a walk-up exit to the backyard, along with two additional bonus rooms that can easily serve as guest rooms, a home office, exercise space, or hobby rooms. Additional highlights include custom plantation shutters fitted throughout the home, many newly updated modern light fixtures, fresh paint in multiple areas, stainless steel appliances that convey, two recently updated HVAC units from approximately 2020, and a hot water heater replaced in 2025. Residents of The Laurels enjoy unique neighborhood amenities including a stocked lake perfect for fishing, a private neighborhood park, and a quiet road layout connecting Brock Road and Robert E. Lee Drive with gated entrances at both ends, eliminating through traffic and creating a peaceful community environment. The location offers convenient access to Fredericksburg, Spotsylvania Courthouse, I-95, Route 3, and the Spotsylvania VRE for commuters, while also being close to numerous parks, trails, and outdoor recreation. The new Kalahari Resort is approximately 25 minutes away and can be reached without traveling on I-95. Combining space, privacy, beautiful upgrades, and outstanding outdoor living areas, this exceptional home offers a rare opportunity in one of the area’s most desirable gated communities.
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.
