5107 Signal Corps Dr Fredericksburg, VA 22408
Your savings
About this home
PRICE IMPROVEMENT! DON'T LET THIS ONE GET AWAY! Welcome to your classic two story colonial in Beauclaire Plantation. Wave to your neighbors from the no maintenance composite front porch. Once inside the living room and dining room are on your left and right with plenty of windows to brighten the space. The kitchen has granite countertops, warm cabinets, an eat in area, and a good sized pantry. Gatherings in the adjacent family room will be treasured memories. The highlight of the main floor is the bank of windows that make up the sunroom. Add window coverings or let the sun stream in; either way it is a delightful place to enjoy and make yours. The upper level has 3 secondary bedrooms that will all fit queen size beds and a primary bedroom with plenty of closet space and an attached ensuite bathroom. The hallway bathroom has been refreshed and is next to the washer and dryer. A spacious lot with an oversized driveway has a fenced in yard, a firepit for evening gatherings, and a storage shed. Put this one on your list to come see!
Source: BRIGHT #VASP2036206
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.