9530 Laurel Oak Dr, Fredericksburg, VA 22407
4 beds · 4 baths · 4,206 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Motivated sellers, make your offer! This is the one you have been waiting for all at a great price! Located right off Route 1 in Spotsylvania, in the sought after Lee's Parke community. Over 4,400 sq. ft. of beautifully finished living space. Open main level floor plan with lots of natural light and wood floors. Four bedrooms upstairs feature a bonus room for crafts, office, workout room or add a wall and a door and turn it into a fifth bedroom. The primary bedroom is a secluded getaway, with a walk-in closet and luxurious en suite. The lower level is great for entertaining with a wet bar, family room, theater or playroom and a flex room, with a full bath. Built-in shelving and storage cabinets keep your treasures organized and uncluttered. There is an additional storage room and more storage under the stairs. The oversized garage has a workspace, lots of overhead storage and room for two cars. Enjoy friends and family outside on the patio while keeping little ones and pets safe in the fenced-in yard. The sprinkler system ensures you will have a great yard. Check out the tot lots, walking/jogging trails and sidewalks, community pool, playgrounds, tennis courts and all of the amenities this neighborhood has to offer. Close to Cosner's Corner for shops and restaurants, I-95, Two VRE stations, Medical center/Hospital, Lowes Home Improvement and Old Town Fredericksburg for date nights and ice cream. Easy commutes to Ft. Belvoir, Quantico and AP Hill. Sellers are offering credit towards painting. Schedule your showing and make an offer before this one is sold! Photos have been virtually staged.
Source: BRIGHT #VASP2029344
Source: BRIGHT #VASP2029344
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.