4224 Woodside Dr, Fredericksburg, VA 22407
4 beds · 3 baths · 2,230 sqft
Welcome to 4227 Woodside Dr, Fredericksburg, VA! This beautifully renovated home offers a bright, open layout with high-end finishes and thoughtful design throughout. Step into the gorgeous kitchen, featuring all-new white cabinets with brass-colored hardware, luxurious quartz countertops, and a massive island—perfect for gathering and entertaining. Beautiful pendant lights illuminate the island, adding a warm and elegant touch. The kitchen is flooded with natural light, with a window over the sink and French doors leading from the living room to the expansive deck. There’s also a separate kitchen door that opens to the opposite side of the deck, providing multiple access points to the huge backyard and pool area. The fireplace serves as a stunning focal point, featuring a floor-to-ceiling stone surround, adding both warmth and sophistication to the main living area. The main level is incredibly spacious and bright, with large windows bringing in plenty of natural light. Retreat to the luxurious bathrooms, where you’ll find new vanities, brass-colored mirrors, and matching hardware. The primary bathroom is a true spa-like retreat, featuring a floor-to-ceiling tiled shower with elegant brass fixtures. Step outside to the massive deck, which is partially covered, offering year-round enjoyment. From here, you have a beautiful view of the pool and the huge backyard. The fully fenced-in pool is being sold AS-IS due to weather delays and will need a new liner installed. Additional highlights include a huge two-car garage with extra storage and a sprawling front and back yard with plenty of space between neighboring homes, providing privacy and tranquility. This home is a perfect blend of modern elegance, space, and outdoor living—schedule your showing today!
Source: BRIGHT #VASP2030380
Source: BRIGHT #VASP2030380
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.