3427 Ramsgate Ter, Alexandria, VA 22309
4 beds · 3 baths · 2,216 sqft
This extraordinary property is unique in many ways! In 2010 it was totally renovated from the studs by Wakefield Homes, the area's leading luxury home builder. It was just refreshed with refinished hardwood floors, which look better than new, and extensive interior and exterior paint! The home's special features include: hard to find main level primary suite, custom wide plank hardwood floors, thermal windows, spacious kitchen with gas cooking, and extensive custom cabinetry. The walkout finished lower level includes a large family room, bedroom, full bath, and tons of storage. Carport provides covered parking directly off kitchen. The large fenced back yard is enhanced by concrete patio, expansive grassy area, and storage building. This truly special property provides a combination of uniquely desirable features combined with excellent "move in" condition for exceptionally reasonable price!
Source: BRIGHT #VAFX2243668
Source: BRIGHT #VAFX2243668
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.