12 Granville Dr Fredericksburg, VA 22405
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About this home
Welcome to 12 Granville Drive in Fredericksburg—a stunning custom-built home nestled on a peaceful 1.5-acre lot in the sought-after Granville Estates community. Built in 2021, this spacious 4-bedroom, 3.5-bath property offers over 3,700 square feet of beautifully finished living space with thoughtful upgrades throughout. The main level features a warm and inviting layout with hardwood floors, a cozy masonry fireplace, and an open-concept kitchen that seamlessly connects to the living and dining areas—perfect for both everyday living and entertaining. Upstairs, you’ll find generously sized bedrooms, including a luxurious primary suite with a spa-like bath and plenty of closet space. The fully finished basement adds flexibility for a home gym, media room, guest space, or play area. Outside, enjoy the quiet of nature and the expansive backyard—ideal for gardening, playing, or simply relaxing. With an attached garage, plenty of storage, and close proximity to shopping, restaurants, VRE commuter options, and downtown Fredericksburg, this home combines privacy, comfort, and convenience in one truly special package. Whether you’re hosting gatherings or enjoying quiet nights in, 12 Granville Drive feels like home the moment you walk in. **Assumable Interest Rate 2.8%, Loan Balance $547,363.00, VA loan Mr. Cooper**
Source: BRIGHT #VAST2041346
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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.