Welcome to 319 Kentucky Avenue, a beautifully updated 4 bedroom, 4.5 bathroom single family home offering refined finishes, thoughtful upgrades, and exceptional indoor-outdoor living in one of Alexandria’s coveted Beverley Hills. Designed for both everyday comfort and elevated entertaining, this home features an open, light-filled floor plan with expansive custom windows showcasing city views and seasonal glimpses of the river, along with reclaimed heart of pine flooring on the main and upper level. At the heart of the home, the gourmet kitchen is a true showpiece, complete with granite countertops, custom full inlay cabinetry, two separate sinks, a Wolf range, Sub-Zero refrigerator, Bosch dishwasher and microwave, plus a secondary refrigerator and generous pantry space. The adjacent main level offers multiple living areas including a 3 season room, ideal for a relaxing lounge/library or home office. A spacious mudroom/fully finished laundry area with built-in cabinetry and a separate entrance into the home add both function and convenience to this marvelous space. Upstairs, the primary suite is a private retreat featuring a walk-in closet, beautifully updated bath with Kohler finishes, and access to a private balcony. The additional bedrooms hold large square footage and plentiful closet space. One additional bedroom has its own en-suite bath along with the Primary suite, both of which are elevated with marble finishes designed to dazzle! The lower level expands your living space with a recreation room, climate controlled wine room, full bath, and fourth bedroom, ideal for guests or an au pair suite. Your enclosed three season room expands the home to over 4,000 square feet of enjoyment. Outdoor living is just as impressive, with a serene backyard backing to mature trees, lush garden spaces perfect for green thumbs, a hardscaped patio with a firepit, and multiple areas to relax or entertain including an elevated side deck, lower level screened in patio or the three-season room with windows in spades. Additional highlights include a Nest thermostat system, new washer and dryer (2025), new dishwasher and microwave (2025), a new hot water heater (2023), upgraded electrical system, and a three-zone HVAC system for year-round comfort. Ideally located near neighborhood parks, just moments to the charm of Del Ray, and with easy access to I-395 for a seamless commute into DC, this home offers the perfect blend of luxury, lifestyle, and location.
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.
