343 Forest Lane Rd Fredericksburg, VA 22405
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About this home
A great find in South Stafford — stylish, move-in ready, and offering true main-level living! Among just a handful of homes available in this price range, 343 Forest Lane Road stands out for its quality updates, flexible spaces, and unbeatable setting that backs to open farmland. The separate outbuilding is the game-changer — complete with drywall, carpet, and lighting, it’s perfect for a studio, gym, hobby space, or storage. The possibilities are endless! Set on nearly three-quarters of an acre, the property offers both privacy and charm. A paved driveway, neat landscaping, and a newer roof (approx. eight years old) ensure great curb appeal and easy upkeep. Out back, enjoy a spacious yard bordered by trees and farmland views, plus a red barn-style shed for extra storage. Inside, everything feels bright and refreshed. Luxury vinyl plank flooring spans the entire home, while the light-filled living room features recessed lighting and large windows. The updated kitchen shines with white cabinetry, granite countertops, and stainless-steel appliances, offering space for cooking, dining, and gathering. Three comfortable bedrooms and a beautifully updated full bath provide functionality and style, while smart updates — including a water softener with UV bulb, new attic insulation, a fully encapsulated crawl space with vapor barrier, and two new crawl-space windows — add value and peace of mind. With no HOA, modern upgrades, and a location just minutes from downtown Fredericksburg, the VRE, and everyday conveniences, this is main-level living at its best. 343 Forest Lane Road — flexible, functional, and move-in ready!
Source: BRIGHT #VAST2043460
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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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