208 Snowy Egret Way Fredericksburg, VA 22406
Your savings
About this home
Nestled in the highly desired Amber Oaks subdivision, this stunning single family home sits on almost 3.5 acres surrounded by trees! An open concept with modern interior design showcase this gorgeous home bringing in tons of natural light with a cozy warm feel. The kitchen with bump out breakfast room is the focal point of this charming house. Gray shaker cabinets, white quartz counters, stainless steel appliances, subway tile backsplash, and a large island are some of the features that makes the kitchen special. Spend quiet evenings in front of the gas fireplace in the family room that offers a stunning accent wall and an abundance of windows showing off this properties’ scenic views. Pristine hardwood floors flow throughout the entire main level and make the formal living and dining room areas great places to host guests. Relax, unwind, and grill an amazing meal on the spacious trek wood deck. You can enjoy the serenity and peace this property allows while hanging out on the back deck. As you make your way up the stairs you will notice the iron rod spindles with accent egg basket design leading you to the primary suite. The primary bedroom includes a huge walk-in closet, plenty of windows, and a spa-like primary bath with expanded shower, dual vanities, updated light fixtures and mirrors with shiplap accent wall, and private wash closet. Entertain guests or have family movie nights in the finished walk-out basement. The basement offers a large finished den, a full bathroom and two rooms that you can turn into legal bedrooms. Other features include a long driveway for plenty of parking, three car garage, and a storage shed for outdoor landscaping equipment. Don’t miss this incredible opportunity!
Source: BRIGHT #VAST2043778
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.