1920 Captain Dr, Fredericksburg, VA 22408
4 beds · 3 baths · 2,452 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome Home to 1920 Captain Drive, a stunning 3,714 sq. ft. home across three levels, located in the highly desirable New Post on the Rappahannock community. Offering the perfect blend of luxury, convenience, and outdoor enjoyment, this home is designed for modern living. This vibrant community boasts exceptional amenities, including a private boat launch, dock, picnic areas, and a scenic riverfront park along the Rappahannock River, where you can enjoy tubing, water skiing, fishing, or extended trips to the bay and ocean. Additional community features include a pool, playground, common areas, a disc golf course, and two tot lots, ensuring a lifestyle of comfort and ease. The home welcomes you with a spacious two-car garage, complete with an electric vehicle charging station. Inside, you’ll find a whole-house water filtration system, upgraded countertops, and a gas stove—a chef’s dream for creating culinary delights. The open-concept kitchen and living area make entertaining effortless, perfect for chatting with friends and family or enjoying your favorite shows. The upper level features well-appointed bedrooms, while the unfinished basement offers endless possibilities to create an in-law suite, an entertainment hub, or additional living space. Outside, the fenced backyard includes a maintenance-free Trex deck and a patio, providing a private retreat for relaxation or hosting gatherings. Grab hold of the opportunity to experience this extraordinary home and enjoy the vibrant lifestyle that New Post on the Rappahannock offers.
Source: BRIGHT #VASP2030154
Source: BRIGHT #VASP2030154
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.