616 Winterberry Dr Fredericksburg, VA 22405
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About this home
Welcome to 616 Winterberry Drive, located in the non-HOA Clearview Heights neighborhood of Falmouth! As one of the largest homes in the community, this property features 6 bedrooms, 3 full bathrooms, and 1 half bathroom. With 3,920 finished square feet and an additional 1,596 unfinished square feet in the basement, there’s plenty of room to accommodate your needs, hobbies, and storage, while still leaving space to grow or customize in the future. This home offers original hardwood flooring, large windows that fill the space with natural light, and two primary bedrooms, one on the main level and another upstairs. Additional highlights include a two-bay street-level garage, a wide asphalt driveway with ample parking, a walk-down back deck perfect for grilling and entertaining, and a fenced-in backyard ideal for pets or outdoor activities. Built in a traditional Colonial style, the home welcomes you with a brick walkway leading to the front door. Upon entering, you’ll notice the wide hardwood foyer and hallway, complete with shaker-style wainscoting and dental moulding throughout. To the left is a spacious family room, and to the right is the formal dining room, which the current owners use as an office. Continuing toward the back of the home, you’ll find a granite countertop kitchen with an eat-in area featuring bay windows overlooking the backyard. The laundry area is conveniently located off the kitchen and includes ample built-ins that can double as a large pantry. One of the two primary bedrooms is located on the main level, an oversized suite equipped with its own mini-split system and full bathroom. There’s also an additional room on the lower level that has been used as an office but can easily serve as another bedroom, bringing the total to seven possible bedrooms. Upstairs, the second primary bedroom features built-in closets and a full bathroom with a double vanity. In addition, there are four more carpeted bedrooms on this level, providing plenty of space for family or guests. Heading down to the basement, you’ll find three distinct areas: the main open basement, a utility room that could double as a workshop, and, off the utility area, access to the garage. The Clearview Heights neighborhood offers a prime location, less than 10 minutes to downtown Fredericksburg, about 13 minutes to Central Park, Fredericksburg’s main shopping destination, and only 8 minutes to the I-95 ramp via Warrenton Road, perfect for commuters and travelers alike. Don’t miss your opportunity to tour this beautiful home, listings in Clearview Heights are rare, especially one of this size. Schedule your showing today!
Source: BRIGHT #VAST2043132
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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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