213 Long Point Dr Fredericksburg, VA 22406
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About this home
Take this Fredericksburg EXIT....Beautiful single-level row house located in Celebrate Virginia North, a sought-after 55+ community. This property welcomes you with an inviting open layout, featuring 9 foot ceilings that create a sense of spaciousness. The one-level living space is well lit with recessed lights, beautiful hardwood floors throughout the main living area with carpeting in the two bedrooms. Open concept leads you to a lovely kitchen with granite countertops, upgraded appliances and seating for 3-4 at the breakfast bar, as well as space for a dining room set. Let’s not forget about the gas fireplace in the living room that makes a great focal point. Just off of the foyer is a full bathroom and a bedroom The primary suite in the rear of the home has a tray ceiling, a private primary bathroom with a tub, and a separate shower, double vanity, and walk-in closet. Enjoy time on the rear patio watching the birds and -enjoying the view. This home also offers a 1-car garage and a private driveway. Discover the perfect place in this well situated property in the heart of Celebrate Virginia North community. Nestled in a serene neighborhood, this home offers hard-to-beat convenience and community charm. With community amenities such as swimming pools, Clubhouse, tennis courts and so much more . Located near abundant shopping and dining options, commuter routes for easy travel and access to I-95! This location has it all! Your agent MUST be registered w/HUD to bid on this property.
Source: BRIGHT #VAST2040266
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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.
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