26 Teton Dr Fredericksburg, VA 22408
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About this home
Charming Colonial with Solar Panels & Spacious Cul-de-Sac Lot Don’t miss this beautifully maintained 3-bedroom, 1,756 sq. ft. Colonial situated on a 0.36-acre cul-de-sac lot! Built in 1977, this home offers the perfect combination of classic charm, thoughtful updates, and modern energy-efficient features. The main level boasts an open-concept kitchen and living space designed for everyday living and entertaining. The kitchen is equipped with stainless steel appliances, an island, ample cabinetry, ceramic tile flooring, and a custom built-in desk that makes working from home a breeze. Sliding glass doors provide abundant natural light and seamless access to the backyard. Just off the kitchen, the inviting family room features updated LVP floors, a cozy wood-burning fireplace, and an additional set of sliding glass doors to the yard—perfect for summer barbecues or quiet evenings by the fire. A convenient half bath completes the main floor. Upstairs, you’ll find three generously sized bedrooms and a full bath, and half bath in a jack-n-jill set up offering comfort and versatility for family or guests. The fully fenced backyard is a private retreat with endless possibilities. Whether you envision a play area, gardening beds, or entertaining space, the yard delivers. A large storage shed provides room for tools and hobbies, and the above-ground pool conveys (or can be removed, depending on buyer preference). Most notable upgrade is the 2020 Full Solar Panel System – Supported by a brand-new, top-of-the-line 55+ year architectural shingle roof and a full electrical panel upgrade. The solar panels will be paid off at closing, providing minimal to no electric bills—a huge long-term savings. 2020 installed Air Knight PX5 Whole-House Air Purifier A state-of-the-art, UV-based air purification system that eliminates germs, allergens, and odors without producing ozone. Fully Moxie Pest Defense System – Installed and will be paid in full, with service coverage to new owner through September 2026. New gutters and chimney servicing for added value and care. Perfectly situated in a quiet, established neighborhood surrounded by mature trees, this home also offers access to miles of wooded walking and jogging paths. Despite its peaceful setting, you’ll enjoy unmatched convenience with nearby access to Lees Hill, Cosner’s Corner shopping, the Fredericksburg Fairgrounds, and historic downtown Fredericksburg. Tucked away from traffic yet in the heart of it all—plus no HOA! Act fast—homes like this, with energy-efficient solar and move-in ready charm, don’t last long!
Source: BRIGHT #VASP2035590
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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.