Welcome to 4003 Westgate Drive, a beautifully maintained and thoughtfully updated home perfectly positioned on a private half-acre lot in one of Alexandria’s most desirable pockets. With over 2,400 square feet of inviting living space, this 4/5-bedroom, 3 full bath residence blends timeless charm with everyday functionality, offering room to grow, gather, and truly settle in. From the moment you step inside, you’re greeted by an airy open-concept layout filled with natural light. The seamless flow between the living room, dining room, and kitchen creates an effortless space for both relaxed daily living and memorable entertaining. Whether you’re hosting holiday dinners, casual brunches, or cozy evenings at home, this layout adapts beautifully to every occasion. Just off the dining room, a spacious deck extends your living space outdoors, overlooking a large, flat backyard—ideal for summer barbecues, lawn games, gardening, or simply enjoying a peaceful morning coffee surrounded by mature greenery. The main level also features a generously sized primary suite with its own en-suite bath, offering comfort and privacy. Two additional well-proportioned bedrooms and a full hall bath complete this level, providing flexible space for family, guests, or work-from-home needs. Downstairs, the lower level offers a warm and welcoming retreat centered around a charming wood stove fireplace—perfect for cozy movie nights or curling up with a good book on cooler evenings. This level includes a spacious bedroom and an additional room with a closet and walk-out access to the backyard, making it ideal as a fifth bedroom, home office, gym, or creative studio. The layout provides excellent flexibility for multigenerational living or extended guest stays. An enclosed dog run along the side of the home adds extra convenience for pet lovers. For added peace of mind, an American Home Shield home warranty conveys. Ideally located just minutes from the scenic George Washington Memorial Parkway, the historic charm of Old Town Alexandria, the employment hub of Fort Belvoir, and the natural beauty of the Potomac River, this home offers the perfect balance of suburban serenity and easy access to everything the region has to offer. A rare opportunity to enjoy space, flexibility, and location—all in one exceptional Alexandria home.
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.
