7308 Glenhaven Dr Fredericksburg, VA 22407
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About this home
Wonderful custom Winchester built St. Andrews model home with over $150K of updates and improvements including new roof, gutters, deck, shed, patio, remodeled kitchen, whole house generator and more. Lower level has the 4th BR and a 5th BR (NTC) plus a hobby room that could be a 6th BR. Meticulously maintained in the private community of Glen Haven, this 3 acre property offers main floor living with plenty of space on the finished lower level and is perfectly nestled on a wooded lot. Even the 3-car side load garage has been updated with paint and coated flooring. The main floor family room features a wood-burning fireplace with stone surround, vaulted ceiling, recessed lighting and is perfectly located next to the gourmet kitchen. Tasteful custom touches are evident throughout the home including built-in bookcases in the main level home office. Also, washer dryer hook up in basement, speaker system in the main area garage, electronic control room and security system throughout the entire house. Why wait to build when you can move into this main-level living beauty quickly!
Source: BRIGHT #VASP2033220
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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.