503 Randolph St
Falls Church, VA 22046
4 beds · 2 baths · 1,416 sqft
$979,000
Get prequalifiedAbout this home
PERFECTLY PRICED & Open House Sunday, 7/20 from 2:00-4:00 PM! Join us to tour your new home! • 🏡Welcome Home to 503 Randolph St, nestled in the desirable Virginia Forest neighborhood of Falls Church City • Discover the perfect blend of traditional charm and modern convenience in this renovated Cape Cod featuring 4 bedrooms and 2 full bathrooms • As you step inside, you'll be greeted by the warmth of freshly painted interiors and hardwood floors that flow throughout the main & upper levels • On the main level, the Living Room and Dining Room flow to the kitchen and family room addition, creating a spacious and inviting atmosphere, ideal for both daily living and hosting gatherings • The well-appointed kitchen features ample cabinetry & countertop space, making meal preparation easy • The adjacent family room offers a cozy and sunny space for relaxation, with access to the backyard • Two bedrooms and a full bath complete the main level • Upstairs, find two additional bedrooms with extra storage space in the eaves and second full bath • Step outside to your own private retreat: The gorgeous backyard and patio offer the perfect setting for outdoor entertaining, gardening, or simply enjoying the tranquility of nature • Conveniently located - walk to Falls Church City's Oak St. Elementary School and just minutes to the East & West Falls Church METRO Stations • Easy access to commuter routes I-66, 495, Route 7 & Route 50 makes commuting to DC/Arlington/Tysons/Reston and beyond a dream! • Nearby shopping, dining, parks, and entertainment in downtown Falls Church City, including: the new Whole Foods, Founders Row I & II (with movie theatre opening soon) Birch & Broad, West End & more! • Falls Church City School District • Love where you live, welcome home!
Source: BRIGHT #VAFA2003000
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FAQs
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.
Falls Church, VA 22046
4 beds · 2 baths · 1,416 sqft