Combining generous scale, thoughtful updates, premium amenities, parking and a sought-after location, this residence presents a rare opportunity to enjoy elevated urban living in the heart of Arlington. This residence sits in the largest one-bedroom tier at The Odyssey, offering large rooms and a desirable corner-unit position with massive windows that bring in abundant natural light — and a skyline view that stretches to the National Cathedral. The open living and dining layout creates a comfortable sense of space rarely found in one-bedroom condos in the Courthouse area. The home features a recently renovated luxury low-barrier bathroom that introduces spa-inspired comfort. Other recent upgrades include a recently installed full-size front-loading washer and dryer and an under-counter, reverse-osmosis water filter integrated into the kitchen faucet. Smart bulb lighting fixtures allow unlimited mood setting. The large bedroom has similarly impressive views, and a generous walk-in closet, along with a secondary closet. Residents enjoy the benefits of full-service living at The Odyssey, including concierge service, four elevators, a rooftop pool and terrace with views of the National Mall, bike storage, fitness and business centers and additional gathering spaces. Located just three blocks from the Courthouse Metro with all the amenities of the Courthouse area, the home offers convenient access to Washington, DC, the Pentagon, Tysons, and both National and Dulles Airports, with quick connections to Arlington Boulevard and I-66. The unit’s garage parking space ensures arriving home is effortless. For buyers looking for a one-bedroom that offers more space, better light, and a truly accessible Courthouse location, this home stands out. VA eligible buyers may be able to assume the current low-interest mortgage.
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.
