Finding a home in Alexandria with nearly 2,600 square feet, a true two car garage, and a Metro commute under a mile is rare. Finding it in an end of row setting that feels open, bright, and easy to live in makes this one stand out immediately. Less than a mile to the Huntington Metro Station, this 2011 built brick Colonial offers nearly 2,600 square feet of light filled, functional space designed for everyday living. The end unit position brings in additional windows and a sense of openness you simply do not get in interior rows, while still offering the low maintenance lifestyle that makes townhome living so appealing. The main level flows naturally from living to dining to kitchen, anchored by a fireplace that makes the space feel warm and inviting. The kitchen is designed for both daily life and entertaining, with a large island, upgraded countertops, stainless steel appliances, double wall oven, and cooktop, opening directly to a dedicated dining area. Just off the kitchen and dining space, a private balcony creates the perfect extension of the home for morning coffee or unwinding in the evening. On the entry level, a versatile bonus room offers the perfect setup for a home office, additional living space, or whatever best fits your lifestyle. A full bathroom with access from both the hall and the bonus room adds flexibility that is hard to find. Upstairs, the spacious primary suite feels like a true retreat, complete with an ensuite bath and room to unwind at the end of the day. The additional bedrooms are well sized and thoughtfully laid out, complemented by a full hall bath. Laundry is conveniently located on the bedroom level, making everyday routines that much easier. Recent updates provide added peace of mind, including HVAC replaced in 2021, furnace replaced in 2020, and water heater replaced in 2023. Additional improvements include a microwave replaced in 2020, offering a blend of original construction and thoughtfully maintained systems throughout the home. Set within the established Huntington Mews community, this home offers easy access to Alexandria, Old Town, the Pentagon, and major commuter routes, while still feeling tucked away. Opportunities like this, with this amount of space, a two car garage, and close proximity to Metro, rarely come available here. This one is worth seeing in person!
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.
