ONE OF THE LOWEST-PRICED WALK TO METRO HOMES IN ARLINGTON!!! ***PROFESSIONAL PICS ON MONDAY 7/13/26***************Welcome to Unit #610 at The Cavendish, a beautifully updated studio that offers modern style, exceptional convenience, and outstanding value in one of Arlington’s most desirable locations. This bright sixth-floor residence features an open, functional layout with luxury flooring, fresh paint, and abundant natural light. The stunning kitchen has been thoughtfully renovated with quartz countertops, stainless steel appliances, contemporary cabinetry, and updated lighting. The beautifully remodeled bath showcases stylish fixtures and finishes, creating a clean, sophisticated look throughout. The living area easily accommodates both living and sleeping spaces with custom built-in high-end cabinetry. Custom walk-in closet cabinetry provides excellent storage. The monthly condo fee includes all utilities, making ownership simple and predictable. Residents of The Cavendish enjoy a secure building with concierge service, on-site management, elevators, outdoor swimming pool, laundry facilities, and ample parking. Ideally situated just minutes from the Pentagon City and Crystal City Metro stations, Amazon HQ2, National Landing, Fashion Centre at Pentagon City, Pentagon Row, Reagan National Airport, Washington, DC, and major commuter routes including I-395, Route 1, and the George Washington Parkway. Whether you’re a first-time buyer, investor, or looking for the perfect pied-à-terre, this turnkey home is an exceptional opportunity in an unbeatable Arlington location. ****OPEN HOUSE SUNDAY 7/12/26 2-4PM
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.
