Welcome to this bright and stylish top-floor condominium in the sought-after Kingsgate community of Alexandria. This beautifully maintained 2-bedroom, 2-bath home offers comfort, charm, and a location that is hard to beat. With over 1,200 square feet of living space, this spacious residence is filled with natural light. Step inside to find an open and inviting layout with a large living room, cozy fireplace, and leads to a private balcony. It is the perfect place to enjoy your morning coffee, unwind after a long day, or take in the peaceful community setting. The separate dining area flows nicely into the kitchen, creating a great space for everyday living and entertaining. The kitchen offers great function with plenty of cabinet space, gas cooking, and essential appliances including a refrigerator, dishwasher, built-in microwave, stove, and washer and dryer. Whether preparing a quick meal or hosting dinner, this kitchen is ready to perform. The spacious primary suite is a true retreat with generous closet space and a private full bath. The second bedroom is also roomy and bright, ideal for guests, a home office, or extra living space. A second full bath adds convenience and flexibility. Ceiling fans and crown molding add stylish finishing touches throughout the home. Enjoy the ease of assigned parking, professional management, and a condo fee that covers common area maintenance, insurance, lawn care, snow removal, trash, and water. That means less time on chores and more time enjoying where you live. Location is everything, and this Alexandria home delivers. Close to shopping, dining, parks, commuter routes, and public transportation, you will love the convenience of city living with a neighborhood feel. Major roads and Metro access are just minutes away, making travel simple and stress-free. If you are searching for a move-in ready condominium for sale in Alexandria, VA with space, style, and value, this is one you do not want to miss. Kingsgate offers a wonderful lifestyle in an excellent location. Schedule your showing today and come see all this beautiful home has to offer.
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.
