Welcome to luxury penthouse living in one of Fairfax’s most desirable gated communities. This beautifully updated 3-bedroom, 2-bath condominium offers 1,332 square feet of thoughtfully designed living space, combining comfort, privacy, and convenience in an unbeatable location. Perched on the top floor and surrounded by mature trees, this move-in ready residence provides a peaceful retreat while remaining moments from everything Fairfax has to offer. The open concept floor plan features high ceilings, abundant natural light, fresh paint, updated lighting, caulking and a spacious living area centered around a gas fireplace. The contemporary kitchen opens seamlessly to the living and dining spaces and showcases granite countertops, a breakfast bar, stainless steel appliances, and a newer dishwasher perfect for both everyday living and entertaining. The spacious primary suite offers a private sanctuary with a large walk-in closet and updated en-suite bath featuring a new vanity and mirror. Two additional bedrooms provide flexibility for guests, a home office, or growing households, and each bedroom features its own walk-in closet; a rare and highly sought-after feature. Step outside to your private balcony overlooking the community park and tree-lined views, with multiple access points creating a seamless indoor-outdoor lifestyle. Additional improvements include a newer tankless water heater, newer HVAC system, serviced gas fireplace, updated bathroom vanities and mirrors, and two assigned parking spaces. Residents enjoy resort-style amenities including a clubhouse, fitness center, outdoor pool, business center, media room, and game room. Ideally located near Fair Oaks Mall, Fairfax Corner, Costco, Wegmans, Whole Foods, H-Mart, premier dining, entertainment, and major commuter routes including I-66, Route 50, and Route 29. Offering the perfect blend of luxury, privacy, and convenience, this exceptional penthouse condo is the one you’ve been waiting for. Schedule your private tour today and discover why so many buyers love calling Fairfax home.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
