12126 Kingswood Blvd Fredericksburg, VA 22408
Your savings
About this home
Welcome to this beautiful Colonial home, perfectly situated on a quiet cul-de-sac at the very end of the highly desirable Kingswood neighborhood. Backing to woods, this property offers exceptional privacy and tranquility. Inside, you’ll find numerous updates, including a stunning kitchen with new countertops, backsplash, cabinets, and light fixtures that opens seamlessly into the spacious living room—ideal for entertaining. Sliding doors lead to a brand-new vinyl deck overlooking the fully fenced backyard. Step down to the new paver patio, perfect for a fire pit or additional entertaining space. Outside, you’ll also find a convenient sprinkler system to keep the yard looking its best. Upstairs features four bedrooms and two full baths, including a fully renovated primary suite and a refreshed guest bathroom, 5th bedroom NTC. Major updates include a less-than-six-year-old roof, new HVAC, and central AC system. Kingswood community offers fantastic amenities, including an outdoor swimming pool, tennis courts, clubhouse, and playground. Nature lovers will enjoy access to the VRE trail through the woods, perfect for walking, biking, or commuting. This home combines comfort, style, and an active lifestyle in one perfect package!
Source: BRIGHT #VASP2036390
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.