Welcome home to Fairlington Mews! This sophisticated end-unit townhome offers three finished levels of modern elegance, thoughtfully and comprehensively renovated from top to bottom with exquisite design choices that set it apart at every turn. Step inside to a bright and airy main level where rich hardwood floors set the tone, and the living room draws you in with plantation shutters and an abundance of natural light, flowing seamlessly into a fully reimagined chef's kitchen that serves as the true showpiece of the home, boasting on-trend two-tone Shaker-style cabinetry, stainless steel appliances, sleek quartz countertops, and a stylish tile backsplash - every element carefully selected for both beauty and function. Upstairs, hardwood floors continue through the primary bedroom, which impresses with a vaulted ceiling, ample closet space, and a private sitting area - and the updates carry through here as well, with a beautifully refreshed full hallway bathroom showcasing a subway tile tub surround and modern, elegant finishes. Downstairs, the lower level offers a generously sized recreation room alongside a bonus room - ideal as a second bedroom, home office, or whatever suits your needs - plus a gorgeous second full bathroom and conveniently located laundry. Every space in this home has been elevated with intention, creating a seamless, move-in-ready experience that is truly rare in this community. Step outside from the main level to a fenced patio with stone pavers, ideal for relaxing or outdoor entertaining, surrounded by communal green space for peace and privacy. Residents of Fairlington Mews enjoy an abundance of community amenities including an on-site fitness center, outdoor pool, community center, tennis courts, playground, and assigned parking. Just minutes to Harris Teeter, Safeway, The Village at Shirlington, Old Town Alexandria, Four Mile Run Park and Trail, The Mark Center, Amazon HQ2, and The Pentagon. Quick access to I-395, I-495, King Street, Van Dorn Street, Columbia Pike, and Glebe Road makes commuting and traveling throughout the DMV a breeze. Schedule a private tour of your beautiful new home 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.
