5402 Redgum Ln, Fredericksburg, VA 22407
4 beds · 4 baths · 3,666 sqft
5402 Redgum Lane, Fredericksburg, VA Modern Design · 4,000+ Sq Ft of Space · Prime Fredericksburg Location Property Highlights 4 bedrooms (including a main-level bedroom suite) and 4 bathrooms Over 4,000 sq. ft. of living space with a bright, open floor plan Built in 2022 – like-new construction with modern fixtures and finishes Colonial-style architecture blending classic curb appeal with contemporary comfort Prime location only 4 miles from Spotsylvania Towne Centre (Spotsylvania Mall); close to shopping, dining, and easy I-95 access Main-Level Convenience & Gourmet Kitchen Step inside this stunning modern colonial and discover the perfect blend of classic elegance and modern luxury. Boasting 4 bedrooms and 4 bathrooms across over 4,000 square feet, this 2022-built home offers an expansive, light-filled interior designed for both grand entertaining and comfortable everyday living. A stately colonial façade with a covered entry welcomes you home, while inside high ceilings, large windows, and an open-concept layout create an inviting atmosphere. Every detail – from the tasteful neutral palette to the quality flooring and fixtures – reflects the like-new construction and attention to contemporary style. The heart of the home is the chef’s kitchen, which features sleek countertops, stainless steel appliances, a large center island, and ample cabinet space. It flows seamlessly into the sunny family room, making it ideal for entertaining or keeping an eye on family while cooking. Host dinner parties in the formal dining area or enjoy casual meals in the breakfast nook – this home offers spaces for every occasion. Additionally, the main floor includes a bedroom and adjacent bathroom, perfect for guests, in-laws, or use as a private home office. This rare main-level bedroom provides wonderful flexibility for multi-generational living or working from home. Luxury Upstairs & Extra Living Space Upstairs, you’ll find a lavish primary suite complete with a spacious walk-in closet and a spa-like en-suite bathroom (featuring dual vanities, a soaking tub, and a separate shower). Two additional generously sized bedrooms on the upper level share a well-appointed full bathroom, ensuring comfort and convenience for the whole family. Need more room? A finished lower level adds an entire extra dimension to the home – use it as a recreation room, home theater, gym, or playroom. This lower level comes with its own full bathroom and plenty of storage, making it the ultimate flex space to suit your lifestyle needs. Outdoor Charm & Ideal Location Outside, a manicured lawn and the classic colonial architecture give the home standout curb appeal. Enjoy morning coffee or weekend barbecues on the back deck overlooking your backyard – the perfect spot to relax and unwind. Perhaps one of this property’s greatest features is its location: nestled in a peaceful community yet just 4 miles from Spotsylvania Towne Centre, you’ll have premier shopping, restaurants, and entertainment practically at your doorstep. Spend weekends shopping at the mall, dining at nearby restaurants, or catching the latest movie – all just a few minutes’ drive away. For outdoor enthusiasts, local parks and historic sites in Fredericksburg are also within easy reach. Plus, commuters will love the quick access to Route 3 and I-95, making trips to Washington, D.C., Richmond, and beyond a breeze. You truly get the best of both worlds – a tranquil neighborhood setting with all the conveniences of the city close by. Your Dream Home Awaits With its modern design, spacious interior, and prime location, 5402 Redgum Lane offers a remarkable lifestyle opportunity. This like-new home is completely move-in ready, allowing you to simply unpack and start enjoying all it has to offer. Don’t miss your chance to make this gorgeous property your forever home – schedule a showing today and experience the perfect harmony of timeless charm and modern comfort in person!
Source: BRIGHT #VASP2031234
Financials
Source: Public records
Source: BRIGHT #VASP2031234
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.
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