1400 Truslow Rd, Fredericksburg, VA 22406
3 beds · 3 baths · 2,432 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Back on the market ! No fault of sellers. Home is priced to sell. Seller may consider buyer concessions with a full price offer. Take advantage of the new price on this home, now with a significant price update! Beautiful Ranch home that has been meticulously maintained, sits on a 3.24-acre wooded lot in a wonderful South Stafford location! Featuring a playground and a garden for outdoor enjoyment. A scenic trail circles the property, offering a peaceful place for walks or exercise. The large, newly remodeled country kitchen includes a center island cooktop, double oven, breakfast area, and upgraded appliances. Just off the kitchen is a screened-in porch, perfect for enjoying meals while overlooking the wooded backyard and outdoor fire pit. A separate Trex deck off the great room offers additional space to take in the beautiful views. The kitchen opens to a spacious great room with a vaulted ceiling and a wood-burning fireplace, making it ideal for entertaining. The primary bedroom suite features a luxurious ensuite bathroom with a corner soaking tub. For those in need of workspace, the 12x24 shed has been converted into a huge home office, complete with dedicated power and high-speed internet. If you are searching for an oversized two-car garage, you will be very pleased. The garage includes a 14x12 workshop, ample storage space, and a seal-coated floor. The driveway leads to a large paved space, providing plenty of room for parking and activities. Additionally, a new high school and elementary school are scheduled to be built nearby the end of 2025, adding to the convenience and value of this incredible property! Don’t miss this rare opportunity to own a stunning home with endless features in an unbeatable location!
Source: BRIGHT #VAST2035922
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAST2035922
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.