8319 Canteen Cir Fredericksburg, VA 22407
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About this home
This beautiful home in the sought-after Pipe Run neighborhood boasts over 4,500 finished square feet perfectly situated on over an acre of land. No HOA! Surrounded by nature and mature landscaping including the driveway-lined crepe myrtles, the well-loved home features a new roof and furnace (2024), freshly painted interior (2025), and many more wonderful updates. As you enter, you are greeted by wood floors, recessed lighting, a welcoming family room with a gas fireplace and views of the tree lined backyard, a sun-filled gourmet kitchen with stainless steel appliances, granite countertops, dual wall ovens, gas cooktop, center island, tile flooring, ample cabinetry, and an eat-in area with serene backyard views. The main level also includes an elegant dining room with plenty of room for your holiday gatherings and a private office. Upstairs, you’ll find a spacious loft, a luxurious primary suite with a sitting area, tray ceiling, recessed lighting, an envious-sized walk-in closet that was updated in 2018, and a spa-like bathroom with both a garden tub and walk-in shower. One upper-level bedroom has its own en suite bathroom, while two additional bedrooms share the third full bath. The laundry room is conveniently located on this floor as well. Step on down to the fully finished walk-out basement featuring a large rec room with entertainment area, a craft/hobby room (2020), the fourth full bathroom, and a spacious storage area. The homeowners have loved all the space down here as it's perfect for gatherings with family and friends. The oversized two-car garage has custom storage and a workbench (2018) and the private backyard includes an Amish-built shed (2018) and a run-in shed. The home is ideally located near Route 3 shopping including the new Publix, Riverbend High School, historic battlefields and parks. <b>Mortgage savings may be available for buyers of this listing.</b> Call for your tour today!
Source: BRIGHT #VASP2034980
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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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