5105 Sewells Pointe Dr Fredericksburg, VA 22407
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About this home
REDUCED 10K!!! Welcome to 5105 Sewells Pointe Dr! Don't let the exterior fool you, this home is considerably larger than it looks! First thing you'll notice is the two story foyer and the beautiful Hickory Hardwood floors. To your right, the spacious primary suite, complete with walk-in closet and en'suite, provides a soothing private retreat! Down the hall offers an additional bedroom or office space with a convenient full bathroom to suit all of your needs. The grand family room offers soaring vaulted ceilings and a warm gas fireplace, presenting the perfect place to relax and make yourself comfortable. The open dining area is flooded with natural light and accented with French doors leading you out to the peaceful deck, overlooking the paved patio and mature landscaping, making this an ideal, and one of several, entertainment areas. Onto the well appointed kitchen, where you find an abundance of granite countertops, ample storage options, and a cozy breakfast area. Did I mention the stylish stainless appliances and the user-friendly island? And, the main level laundry room is easily accessible, making that chore a breeze. Heading to the upper level offers an additional two spacious bedrooms and a full bathroom, presenting several additional options for all of your family and guests needs. Let's head downstairs, where the real party begins! This entertainment space is ready and only limited by your imagination! The expansive rec room, complete with wet bar and the large game room provides multiple entertainment areas and will instantly make you the ENVY of your neighbors! Additionally, another flex room creates a perfect area for crafting or reading! There is another full bathroom and large storage area, rounding out the lower level! The home is conveniently located and offers easy access to medical facilities, shopping, easy on/off of I-95 and Rt 1, and the neighborhood community center is just up the street! Residents enjoy access to a host of community amenities including a Lifestyle Director and Community Manager on- site, parks, a ballroom for events, both indoor and outdoor pools, a spa and a sauna, a fitness center, tennis and pickleball court, picnic pavillion, bocce ball courts, putting green and cornhole, plus more! This vibrant community offers endless opportunities for entertainment, relaxation and socializing. Additionally, the HOA dues cover cable, internet, trash pick-up, providing added convenience. Recent upgrades and well-maintained features make this home a worry-free investment... New carpet, composite deck, refrigerator and dishwasher, bay windows wrapped in vinyl, HVAC complete system 2020, annually maintained sprinkler system and more. Schedule your appointment to view this beautiful home!
Source: BRIGHT #VASP2037366
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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.