Welcome to 415 Commonwealth Ave, a stunning 4-level end-unit garage townhome that perfectly embodies luxury living in Alexandria’s highly sought-after Rosemont neighborhood. This 3 bedroom, 3.5 bathroom residence offers a sophisticated, move-in ready package with premium modern systems. The interior features a fully renovated kitchen (2018) complete with a reverse osmosis water filtration system, while the primary bathroom offers a true retreat with a luxurious steam shower. The convenience of an in-unit stack washer and dryer is located in the hall bath. The home is wired with built-in speakers, ideal for modern entertaining. Enjoy your own private outdoor oasis on the back deck, which features durable Trex decking, automatic LED post lighting, and an electrically operated Sunsetter awning with a wind sensor, all installed in 2018. The home is also outfitted with Leafguard gutters, ensuring low-maintenance living with gutters that never need cleaning. Peace of mind comes standard with major system updates, including a new heat pump (2023), recently replaced compressors (two years old), a new ridge vent, and a new A.O. Smith hot water heater (2025). Additional storage space is cleverly utilized under the stairs, and parking is a breeze with a dedicated rear garage spot plus an additional space outside. This location is highly desirable for its exceptional walkability and direct access to everything Alexandria has to offer. You are just a short stroll (approximately 0.4 miles) from both the Braddock Road and King Street–Old Town Metro stations (Yellow/Blue Lines), making the commute to D.C. effortless. A short stroll into Old Town and you can easily access downtown Del Ray, which is a quick 1.0 to 1.2 mile trip away—perfect for a morning walk or an evening bike ride. Offering the perfect blend of luxury, updated systems, and premium strollability in the heart of Rosemont, 415 Commonwealth Ave is simply the finest move-in ready opportunity in Alexandria today.
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.
