11201 Knolls End Spotsylvania, VA 22551
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About this home
Welcome to this GORGEOUS CUSTOM Home in the BEAUTIFUL Gated Golf Community of Fawn Lake * PERFECTLY situated on a 3/4 Acre Cul-De-Sac Lot Backing to TREES & PRIVACY * HANDSOME Craftsman Style & GREAT Curb Appeal Abound * With OVER 7,000 Square Feet on 3 Levels (6,000 Finished), this home provides EXCELLENT Space for Entertaining as well as Everyday Living * Originally the Builder’s own Home, so it’s LOADED with Upgrades, Extras & CUSTOM Touches Throughout including Heavy Duty Electric & Mechanical Systems * From the CHARMING Covered Front Porch to the Warm Inviting Entry Foyer this home offers a Welcoming Layout & Thoughtful MODERN Design * French Doors just off the Foyer open to a NICE Home Office * The GENEROUS Main Level Owner’s Retreat boasts a Tray Ceiling, HUGE Walk-in Closet & LUXURIOUS Spa Bath * There’s No Wasted Space here with a LARGE Central Great Room & LOVELY Open Dining Room off the Kitchen * The STRIKING Coffered Ceiling, Built-ins & 2-Sided Gas Fireplace in the Great Room are the Center of Attention * Next you enter the SPACIOUS Modern Kitchen adorned with CRISP Quartz Countertops, UPGRADED Stainless Appliances including DUAL Dishwashers & a DIVINE Walk-in Pantry * Enjoy the Whole House Audio System with built-in Speakers throughout * The upper level features 3 Nice-sized Bedrooms & 2 Full Baths along with a BIG Bonus Room with a Quartz Topped Bar & Closet (another Real Bedroom) * The BRIGHT lower level offers a HUGE Rec Room, NEWER LVP Flooring, Versatile Den (could be used as 6th Bedroom, but no closet) with Adjacent Full Bath & a Fully Equipped Home Gym - Plus TONS of Storage Space * Outdoor Entertaining & Relaxing is a breeze with a LARGE Brick Patio off the Rec Room as well as a Trex Deck & FABULOUS Screened Porch off the Main Level * 3-Car Side Load Garage * Ready for Whole House Generator with underground 1,000 gallon propane tank & electric panel in basment * Private Well solely for the In-ground Irrigation System, so NO COST to Water * FANTASTIC Community Amenities include: 288-acre recreational lake, marina, private beach, community & fitness center, private golf course & country club with restaurant & al fresco dining patio, tennis, volley ball & basketball courts, walking trails, dog park & MORE
Source: BRIGHT #VASP2036654
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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.