4003 Frederick Farms Ct, Midlothian, VA 23112
4 beds · 2 baths · 1,792 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 4003 Frederick Farms Ct- an exceptionally large Cape Cod-style home nestled at the end of a tranquil cul-de-sac in Midlothian. This home has been thoughtfully remodeled, offering a perfect blend of modern elegance and charm across its spacious 1,792 sq. ft. As you approach this stunning property, you are greeted by a welcoming front country-style porch—ideal for sipping morning coffee or enjoying evening sunsets. Step inside to discover all-new vinyl flooring that flows seamlessly throughout the open living spaces. The heart of this home is the beautifully remodeled kitchen, which boasts quartz countertops, new cabinetry, backsplash and appliance package. Whether you're hosting family gatherings or preparing intimate dinners, this kitchen is sure to inspire culinary creativity. With convenient walk-out access to the expansive covered back porch—equipped with two ceiling fans for those warm summer days—you'll find entertaining outdoors effortless. This remarkable home features four generously-sized bedrooms and two well-appointed bathrooms. The primary bedroom on the 1st floor offers a private retreat with direct access to the covered porch. The 1st-floor bathroom has been tastefully remodeled with a luxurious walk-in shower adorned with tile surround. Upstairs, you'll find two additional bedrooms including an inviting suite that provides ample space for family or guests. The 4th bedroom can easily double as your ideal home office—perfectly suited for today’s remote work lifestyle! Enjoy peace of mind with central heating/air along with vinyl replacement windows that enhance energy efficiency while providing natural light throughout the home. The entire interior has been freshly repainted. Step outside into your private backyard oasis surrounded by a sturdy privacy fence—an ideal setting for outdoor activities or simply unwinding in solitude. Located just minutes from all shopping and amenities off Rte. 360, this home combines convenience with comfort in one delightful package.
Source: CENTRALVIRGINIA #2509010
All values shown are estimated costs / mo.
Source: Public records
Source: CENTRALVIRGINIA #2509010
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.