23 Steeplechase Rd, Fredericksburg, VA 22405
4 beds · 3 baths · 2,778 sqft
Sought after South Stafford location - SO private but SO close to everything! Commuter lot and VRE minutes away, shopping and dining in walking distance. Downtown Fredericksburg also only minutes! This pristinely kept colonial is ready for new owners! Right as you pull up to the home you will be wowed by the flowers and landscaping around you. The oversized driveway is great to accommodate all your vehicles, too! Venturing inside, the main level boasts lovely hardwood floors and light floods every room. The inviting foyer opens to the living room with beautiful crown molding and chair rail. Relax with a good book or invite some friends over! Flowing right into the dining room, you're sure to notice the almost floor-to-ceiling bay window. Grab a quick bite or enjoy a formal meal - there's plenty of space for all and the view is stunning! Moving on to the kitchen - lots of cabinet space, lots of counter space and a breakfast bar will make meal prep a breeze! Add a kitchen table or keep the space open - lots of possibilities! Connected to the oversized deck makes grilling out easy, or grab your morning coffee and enjoy the birds chirping! This backyard feels amazingly private and secluded! Back inside, the kitchen connects to the stunning family room - built-in bookshelves galore, tons of storage and a beautiful wood-burning fireplace are sure to make this one of your favorite spaces! The main level is finished out with a powder room and a large laundry room - perfectly located off the garage, offering plenty of space for a landing station to keep your jackets and shoes! Upstairs, the primary bedroom will continue to impress - especially with its closet! A true walk-in closet, cedar lined all the way, with lots of natural light! There is even a 2nd closet off the primary bathroom! The second and third bedrooms are also good sizes and all bedrooms feature ceiling fans. The shared hallway bathroom has been updated and offers dual sinks. Lastly, the 4th bedroom holds quite the surprise! A closet door, you might think. But no - it is a whole new floor! Walk upstairs another flight and find yourself in an unfinished attic with tons of natural light. Use it as storage or finish it to add another bedroom or huge bonus room! The options are endless! But let's not forget about the basement. Although currently unfinished, there is rough-in plumbing to add a full bathroom. The basement also features a 2nd wood-burning fireplace that heats the space nicely! Add an area rug and a couch and you have another living room/TV room/hobby space, etc. Full windows and a walk-out door make access easy and add natural light. A large patio is ready for you to enjoy the Virginia spring and while you're here - be sure to check out the seller's favorite spot under the crepe myrtles! Backyard paradise and beautiful interior with SO much potential for expansion - this home will wow you at every turn! Come out today and see for yourself!
Source: BRIGHT #VAST2037788
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAST2037788
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 of Equal Opportunity Act.