NEW ON MARKET! Assumable VA loan — a rare chance to take over a low fixed rate (buyer must qualify with the lender and substitute their own VA entitlement). Welcome to this sun-filled 2-bedroom, 2-bath condo in the sought-after gated community of Pointe at Park Center. A spacious, open-concept layout greets you, with the living and dining areas flowing out to a private balcony with extra storage. The kitchen offers ample cabinetry, generous counter space, and a breakfast bar with seating, while the primary suite features a large walk-in closet and private bath. A second bedroom with dual closets and a full bath adds flexibility for guests or a home office. Move-in ready and thoughtfully updated and maintained, the home also includes an in-unit washer and dryer (2023), two tandem covered garage parking spaces, and recent upgrades for added peace of mind, including new flooring (2024) and a new water heater (2025). Residents enjoy outstanding community amenities, including a 24-hour fitness center, outdoor pool, sauna, clubhouse, basketball and volleyball courts, playground, and landscaped common areas. Commuters will appreciate the complimentary community shuttle to Pentagon City Metro — included in the HOA dues and running approximately every 30 minutes during peak hours, for a quick 15-minute ride to the station. Ideally positioned just off I-395, this home puts the entire D.C. region within easy reach. Two complimentary DASH lines stop just outside the community gates, with service to the Pentagon Metro, Old Town Alexandria, and beyond. Vibrant Shirlington Village is just a mile away, offering a lively mix of restaurants, boutique shops, an AMC movie theater, and the Tony Award–winning Signature Theatre. Reagan National Airport (DCA), the Pentagon, Old Town Alexandria, and D.C. are all just minutes away. Add low monthly HOA fees, and this home delivers the perfect blend of comfort, convenience, and community — a fantastic opportunity in one of Alexandria's most amenity-rich communities!
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.
