7231 Middleton Dr, Fredericksburg, VA 22407
3 beds · 3 baths · 1,973 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautiful Colonial on a tranquil lot with no HOA in the desirable Riverbend High School district offers nearly 2,000 square feet of living space and ample room for comfort and relaxation. Enjoy the expansive country front porch. The kitchen will impress you with granite countertops, a movable center island, recessed and under-cabinet lighting, and tile backsplash. The cozy family room, dining room with custom seating, expansive office/study with built-ins and French doors, and a powder room complete the first level.The owner's suite has double closets, including one oversized custom closet with a pocket door, a stylish bathroom with dual vanities, a custom tiled shower, and a separate soaking tub.Three additional generous-sized bedrooms and a hall bath complete the upper level. Interior details include abundant natural light, gorgeous hardwood floors, crown molding, bead board, and chair railings. Relax on the screened-in-porch and let the fun extend to your spacious, fenced backyard with a treeline view. Convenient to commuter lots, shopping, schools, and minutes from 95. Make this house your home today!
Source: BRIGHT #VASP2032026
Source: BRIGHT #VASP2032026
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.