2452 24th St Fredericksburg, VA 22408
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About this home
Welcome to 2452 24th St in Fredericksburg – a modern, energy-efficient home built in 2022, combining comfort, convenience, and sustainability. This beautifully designed 3BR/2.5BA home offers an open floor plan, abundant natural light, and all new appliances plus oversized washer/dryer. The main level flows seamlessly to a private deck and a driveway with 2 parking spaces. Energy efficiency shines with a Generac System, including 14 solar panels and external battery, producing up to 58 kWh/day in summer and covering 50–70% of annual power needs. The solar system features an assumable loan to transfer to the new owner, providing ongoing savings. With all major systems and appliances new from 2022, this home provides the perfect blend of low-maintenance living and long-term efficiency. Don’t miss the opportunity to own this move-in ready home with modern amenities and sustainable energy features in a convenient Fredericksburg location.
Source: BRIGHT #VASP2036564
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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.