77 Charter Gate Dr Fredericksburg, VA 22406
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About this home
Located in Stafford Lakes Villages this home features four bedrooms and three and half baths with three finished levels and has a huge fenced yard. You will love the LVP flooring and how it flows through the entire main floor, then you are drawn into the home by the light streaming into the morning room overlooking the deck and patio and yard. Then you see the shed. Yes you get shed with this house! Back into the kitchen you notice the large center island, 42" oak cabinets and all the newer appliances. WOW! Head upstairs to find a upper family room that floats between the three bedrooms. The owners suite has it's own bath and a walk-in closet. There is soft carpet underfoot in all the bedrooms. Head down to the finished basement and you will notice the owners added LVP flooring, and finished off another (legal) bedroom and added a full bath as well, plus you get a second family room. If you have a dog, you will love the doggie door that is already installed leading up to the backyard! This is a turnkey home that is priced to sell. By the way, we asked the owners what they like best about living here all these years. There answer was, the close proximity to the canoe, kayak and fishing spots, the abilty to be at a restaurant for dinner in a short drive.. This home is also located just five miles from I-95 Exit, and approximatley thirty minutes from Marine Base Quantico Virginia. There is a commuter lot just before you get to I-95 as well. We hope this home become yours.
Source: BRIGHT #VAST2043564
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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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