30 Steeplechase Rd, Fredericksburg, VA 22405
5 beds · 5 baths · 4,684 sqft
Ready to be blown away by this rare 22405 gem!? Located in the sought after subdivision of Woodlawn, this property has the benefits of proximity without an HOA. It is rare to find a quintessential farmhouse with a barn capable of housing horses, 5 acres of bliss, and a pool and hot tub that is this close to EVERYTHING! Before stepping inside this beautiful home you will be amazed at the amount of privacy and space you have to let your imagination soar. Room to garden, a separate detached gym and second story flex space, a barn with horse stalls, and fruit trees lining the property. Oh, and invisible fencing for Fido! Inside you will find 5 bedrooms, 4.5 baths, two living rooms, an office, separate dining and a massive bar room. On the main level off the entry way, a private in-law suite awaits with its own bedroom, bathroom, and living space. The farmhouse style kitchen allows for plenty of room for storage, cooking and eat-in dining. On the main level you can find a formal dining room that passes through to the second sunken living room with beautiful brick flooring and half bath. Beyond this living den, there is a screened in porch, back stairwell upstairs, and another massive room where you can find a wet bar, second fridge and hang out space. Upstairs you will find 2 spacious bedrooms with a jack and jill, one bedroom with a private bath, and your primary bedroom/bath combo that has been beautifully remodeled with heated flooring and bluetooth hookups. Did I mention storage already? Because this house has it! In the basement, the owners have built in a small canning kitchen allowing you to preserve all the fruits from the property's trees. Out back, the saltwater pool has been fitted with a new concrete shell. The pool is surrounded with stamped concrete evening LED lighting. The owners have put in over 50k in landscape lighting throughout the property. I should also mention that inside the home features an aroma 360 whole house scent diffuser which allows for whatever scent you like to flow freely through the space. All major items have been cared for diligently and replaced so your only concern is when to move in! Schedule your showings today!
Source: BRIGHT #VAST2037090
Source: BRIGHT #VAST2037090
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.