3701 S George Mason Dr Unit 901n Unit 901N
Falls Church, VA 22041
1 beds · 1 baths · 756 sqft
$269,000
Get prequalified3701 S George Mason Dr Unit 901n Unit 901N
Falls Church, VA 22041
1 beds · 1 baths · 756 sqft
$269,000
Get prequalifiedEnjoy panoramic views of "Chick City" from your private balcony on the 9th floor of Skyline Plaza! This unit has been freshly painted and features updated kitchen cabinets with granite countertops and a matching backsplash, along with Samsung kitchen appliances and a Samsung washer/dryer. You'll find wood flooring throughout, complemented by 12x24 porcelain tiles in the kitchen and foyer, while a glass balcony door floods the living area with natural light. All utilities are included in the condo fees—gas, water, electricity—plus a garage parking space (P281NB-3). What a location! You're just minutes from Shirlington, BRAC, Pentagon City, Amazon HQ2, the new West Alex development, Ballston Quarter, Old Town, and downtown DC, with easy access to I-395, I-495, and Reagan National Airport, offering a convenient lifestyle in a serene setting within the historic Bailey's Crossroads section of Falls Church. Envisioned by developer Charles E. Smith in the early 1970s, Skyline Plaza provides a complete living environment with places to eat, shop, work, play, and reside all within easy reach, making for an effortless commute to DC, the Pentagon, and all points in Northern Virginia. Experience luxury, a prime location, and a carefree lifestyle, with a convenient store, dry cleaning, hair salon, and a shuttle to the Pentagon/Metro bus stop right at your doorstep—be the first to submit your offer!
Source: BRIGHT #VAFX2252340
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.