11039 Catharpin Rd Spotsylvania, VA 22553
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About this home
Welcome to this stunning move-in ready Cape Cod perched on a private 1-acre lot, offering over 3,200 square feet of finished living space. This home features 3 bedrooms and 3.5 bathrooms, thoughtfully updated throughout with luxury vinyl plank flooring and a newly finished basement. As you arrive, you’ll be greeted by a charming wraparound front porch that sets the tone for the warmth and character found inside. The spacious great room boasts soaring ceilings and a cozy fireplace, creating the perfect space for gathering and relaxation. The main-level primary suite provides convenience and comfort with a soaking tub and separate shower. Upstairs, you’ll find two additional bedrooms, a full guest bathroom, and a catwalk overlooking the great room below. The fully finished basement expands your living space with a large recreation room and another full bathroom—ideal for entertaining, a home gym, or guest accommodations. Step outside to enjoy a large back deck overlooking the fenced backyard—perfect for outdoor dining, play, and pets. Move-in ready and beautifully maintained, this home combines classic style with modern updates for the perfect balance of comfort and charm.
Source: BRIGHT #VASP2037202
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.