Elegance, Style, Grace...Everything you LOVE about Old Town Sophistication & MORE! No detail has been overlooked to elevate this home to be the quintessential Old Town luxury residence. This stunning (2160 finished sq ft) three story townhome located in Bulfinch Square will surpass even the most discerning expectations. Like pages out of Southern Living magazine, every detail has been lovingly curated. The impressive brick facade leads you into the welcoming foyer. Architectural details including immaculate hardwood floors and crown moldings highlight this bright and open plan. It's a chef's kiss for the kitchen! Beautiful white cabinetry, built-in wine storage, and granite counters are just the beginning. Chef it up for the holidays using the Bosch stainless steel appliances and host family and friends in the open living and dining spaces. The cozy living room fireplace will keep you warm all winter long. With French doors that lead to the gracious private brick patio, carry your large party entertaining outside with the charm of twinkle lights aglow. Upstairs you will be sweet dreaming in the gorgeous primary suite. Ample closets (including a private safe that conveys), crown moldings and a designer fan add special touches to make this room grand. The ensuite bath is the crown jewel of this expansive suite complete with a marble and cherry dual vanity, large glass enclosed shower, and room for a vanity / glam table. The second bedroom with ensuite has views of the patio below. Downstairs the lower level offers another gracious bedroom that can fit a king bed, and an ensuite bath touting a dual marble and cherry vanity and tub shower, designer lights and lovely ceramic tile. You will never have to search for parking again in the city. Two private parking spaces in the rear of the home as well as ample guest spaces provide all you will ever need. A side alley also provides access to N Pitt Street from the parking area and is convenient for house servicing to the rear entrance. When Santa comes to deliver his gifts here, he simply will not want to leave this home! Come see why this is the epitome of the Old Town Alexandria lifestyle.
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.
