6104 Patrician Ct Fredericksburg, VA 22407
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About this home
6104 Patrician Court was the model home for Willow Pond. It is a 2,456 square foot home with great character and potential. It does need some work, but the home has so many positive features. The home has a traditional layout with some open concept features. The brick walkway leads you to the covered front porch that creates a beautiful entrance to the home. When you enter the home the parquet hardwood flooring immediately catches you eye. The hardwood flooring extends into the living to the left and the dining room to your right. The kitchen has ceramic tile, a butcher block island, granite countertops, a matching cook top and a double oven. The kitchen opens to the large 12' by 23' family room that is accented by a wood burning fireplace. Through the kitchen there is an awesome sunroom that over looks the backyard. Off off the sunroom is a deck leading to a gazebo. The deck are a little rough but it decent shape. All of the three bedrooms are spacious. The 12' by 24' bonus room connected to bedroom two which is 14' by 16'. The primary bedroom has an ensuite bathroom has dual vanities, a jetted tub and a heat lamp. All of the improvements are mostly cosmetic. There are dual HVAC systems that are functioning properly, one unit is 2012 and the other is 2017. The roof is in good condition. The location is a huge bonus. Willow Pond neighborhood is a quaint neighborhood with beautiful homes throughout. It is less than 10 minutes from Spotsylvania Towne Centre and Route 95. It would be a great "fixer upper" for a family home or an excellent investment opportunity.
Source: BRIGHT #VASP2037316
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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.
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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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