1503 Grace Estates Dr Catlett, VA 20119
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About this home
3.2% VA Assumable loan with buyer's own eligibility! **Peaceful Country Living on Nearly 10 Private Acres – 1503 Grace Estates Dr, Catlett, VA** Welcome to your private retreat in the heart of Catlett! This beautifully updated 4-bedroom, 3-bath home sits on just under 10 acres of open, usable land — perfect for anyone seeking space, privacy, and the freedom of country living. Step inside to find a bright, open floor plan designed for both comfort and entertainment. The spacious living room offers plenty of room to relax and gather, with an adjoining home office for remote work or study. The kitchen and dining area feature vaulted ceilings, abundant natural light, and seamless access to a large patio, creating an ideal setting for indoor-outdoor hospitality. A main-level bedroom and full bath provide flexibility to meet a variety of living needs — including an ADA-accessible bathroom completed in 2021. Upstairs, you’ll find three additional bedrooms, two full baths, and a huge recreation room offering endless possibilities for a home gym, playroom, or media space. This property’s flat, open acreage invites you to make it your own — add a barn for horses or farm animals, install a pool, or enjoy recreational activities like four-wheeling, archery, or hunting. Close proximity to shopping and restaurants in Stafford and Fredericksburg. Easy access to I-95 and 30 minutes door to door to Quantico Marine Corps Base main gate. **Recent upgrades include**: Replaced and upgraded well pump (2023) Backyard fence (2020) Basement and crawlspace insulation (2022) with new crawlspace liner New water heater (2020) Culligan Water Filtration System with water softener (2020) and RO attached to refrigerator Luxury vinyl plank flooring on main level (2022) Main level bedroom addition (2021) and conversion of half bath to full ADA-accessible bath Wood-burning stove (2022) New AC unit 2024 Fresh paint throughout and new carpet upstairs (August 2025) Newly renovated upstairs bathrooms (2025) **Enjoy the tranquility of country life with all the modern comforts you need. This home combines privacy, functionality, and versatility — truly a rare find in Fauquier County.**
Source: BRIGHT #VAFQ2018580
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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.