Welcome to 1617 B Van Dorn St, a beautifully updated townhouse-style end unit condo in the sought-after Parkside at Alexandria! This two-level gem offers the perfect blend of modern comfort and convenience, making it an ideal place to call home. Step inside to discover a light-filled, open-concept main level, complete with gleaming hardwood floors and neutral paint throughout. The spacious living and dining areas flow seamlessly into the updated kitchen, which boasts granite countertops, new stainless steel appliances, a built-in water filter and plenty of cabinet space for all your culinary needs. A half bath with new vanity and front-loading washer and dryer add functionality. Just off the kitchen, you'll find a private fenced patio—perfect for morning coffee, grilling or entertaining friends. Upstairs, retreat to two generously sized bedrooms, each with ample closet space. The primary bedroom features a walk-in closet, while the second bedroom is versatile enough to serve as a guest room, home office or both. The updated full bathroom is sleek and stylish with new vanity, modern fixtures and finishes. Residents of Parkside at Alexandria enjoy access to fantastic amenities, including a pool, fitness center, clubhouse, and playground. Plus, this location couldn't be more convenient! You're just minutes from major commuter routes like I-395, as well as shopping, dining, and entertainment options at Shirlington Village, Old Town Alexandria, and the Pentagon City area. With its unbeatable combination of style, space, and location, 1617 B Van Dorn St is a must-see. Don't miss out—schedule your showing today! Microwave 2025; Water Filter 2025; Refrigerator 2024; Oven 2023; HVAC 2020; Water Heater 2020
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.
