4752 6th St S
Arlington, VA 22204
4 beds · 2 baths · 1,823 sqft
$849,900
Get prequalified4752 6th St S
Arlington, VA 22204
4 beds · 2 baths · 1,823 sqft
$849,900
Get prequalified2.625% VA ASSUMABLE LOAN (Buyers need to have VA eligibility - sellers will not relinquish theirs.) This classic all-brick Cape Cod is brimming with curb appeal—from its charming dormer windows to the welcoming front stoop. Tucked into a peaceful setting, this home offers the best of both worlds: extra convenient location and a truly rare find—it backs directly to ARLINGTON COUNTY PARKLAND. That’s right… your backyard neighbor is nature, not more houses! Inside, you’ll find warm hardwood floors, two fireplaces, and freshly painted rooms. The upstairs dormers add charm and functionality allowing the perfect amount of light in both large bedrooms each with window nook areas. The lower level has a huge picture window overlooking the backyard - no 'dungeon-style-basement' here! Plus LOTS of room for storage or space to finish off a portion for an office or gym. The expansive fenced backyard offers space for pets & people to play and provides privacy and serenity on the amazingly spacious deck so you can enjoy that coveted parkland view—a retreat that’s nearly impossible to find in Arlington. Recent updates include: All rooms painted, kitchen updated with new stove & countertops, new flooring in the lower level, HVAC 2020, water heater 2020. This hidden gem is bursting with potential and waiting to welcome you home!
Source: BRIGHT #VAAR2059598
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.