5805 Deep Creek Dr, Fredericksburg, VA 22407
4 beds · 4 baths · 5,157 sqft
Get a free consultation call with an expert in the mortgage assumption process.
***2.875% VA ASSUMABLE LOAN OPTION AVAILABLE TO ELIGIBLE VETERANS.!***Welcome to this stunning brick-front colonial in the sought after Estates at Lee’s Parke! This spacious 4-bedroom, 3.5-bath home offers over 5,000 square feet of finished living space. Step inside to a bright, open floor plan featuring a grand two-story foyer. To the right, a front sitting area that makes for a great reading retreat. Also is the private office with french doors perfect for working from home. On the left is the spacious dining area that has plenty of room for your family and friends. Move towards the back of the home where you are welcomed in to the gourmet kitchen with kitchen table space, breakfast bar, stainless steel appliances, quartz countertops, dual wall ovens, cooktop, two pantries, and also the spacious family room with gas fireplace and brand new carpeting. Additional space in the beautiful sunroom off the kitchen where the gatherings can continue. What a great bonus room with vaulted ceiling tucked away at the back of the home accessed through the family room. Elegant columns and floor to ceiling windows throughout the main level. Upstairs, the luxurious owner’s suite offers a spacious sitting area, two walk-in closets, and a spa-like bath with dual vanities. Three additional generously sized bedrooms, a full bathroom, and a convenient laundry room complete the upper level. The fully finished walkout lower level is bright and versatile, featuring recessed lighting, extra room perfect for a media room or additional living space, a full bathroom, and ample storage. Step outside to your deck accessed from both the sunroom and den to enjoy grilling and entertaining out back. Nestled on a quiet street, this home includes a side-load two-car garage and an extended driveway. The kitchen appliances and hot water heater are all less than 5 years old. Enjoy top-tier community amenities, including tennis and basketball courts, a swimming pool, a clubhouse, and scenic walking trails near the home. Just a short stroll to the clubhouse and pool and dog park, and just a few minutes drive to the new VA Health Care Center that just opened, Publix, Target, downtown Fredericksburg, tons of shops and restaurants, Spotsylvania VRE, and easy access to 95. Call for your tour today!
Source: BRIGHT #VASP2029852
Source: BRIGHT #VASP2029852
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 and Equal Opportunity Act.