Welcome to 5203 Cottingham Place, a nicely upgraded 3 bedroom, 3 full/2 half bath, 1-car garage TH with 3095 finished sq.ft. This TH is in the Landmark Mews community located at the West End of Alexandria. The Community offers a Park-like setting, while still providing immediate access to 395/Beltway/95, with proximity to the Pentagon, DC, Reagan National airport, and Old Town Alexandria. Landmark Mews is 5 minutes from the $2.2B WestEnd Alexandria development project, which will include the new $1B Inova Alexandria Hospital Campus. This combination of house, Community, and location features are rarely found Inside the Beltway. To learn more about Landmark Mews, check out the Listing Agent's Living in Landmark Mews website. If you are viewing the non-branded version of the Property website, ask your agent for the URLs to both the branded Property website (for the Community and WestEnd Alexandria project videos) and the LivinginLandmarkMews website, which is a comprehensive source of visuals and information on choosing the Community as your Home. The Landmark Mews website also includes the referenced Community video with spectacular aerial views and videos/info on restaurants, shopping, and other "Livability" benefits from proximity to everything. HOUSE FEATURES & UPGRADES: The upgrades, appointments, and a focus on the details, both big and small, are apparent throughout this house. The home opens to a tiled entry with a 12-foot ceiling, then on to the beautifully remodeled kitchen designed with extra cabinets for maximum storage capacity, granite counters, tile backsplash, under cabinet & cove lighting, and stainless appliances, including a dual-fuel, double oven range. The Main Level has wood floors laid on the diagonal. A wood burning fireplace is located in this area. The Main Level leads to a large patio via steps from the Dining Room, with fencing for privacy. The half bath on the Main Level has been fully remodeled. The bedroom level has two large bedrooms, both sized to make a King bed look small. The Owner's Suite bathroom has been fully remodeled, with 2 large vanities, Quartz countertops, a tiled shower with bench seat, and LVP flooring. The Owner's Suite also has a large walk-in closet. The 2nd bedroom on this level has an upgraded en suite bathroom and a large walk-in closet. The 3rd bedroom is located on the Upper Level, with an en suite full bathroom and two finished walk-in closets. This bedroom is sized to accommodate either a Guest suite or a private office. The Upper Level also has a finished space that can be also be used as an office or Owner's Retreat (present use). The Lower Level has a full wet bar, with granite counters, a beverage cooler, and upper & lower cabinets, & a wood burning fireplace. A nicely upgraded half bath is located on the Lower Level. The laundry room is located on the Lower Level, with upper cabinets for storage and a utility sink. The large walk-in mechanical room accessed through the laundry room provides additional storage. All light fixtures in the house have been upgraded. The stairs and landings have been upgraded to hardwood flooring. All house windows have been upgraded to vinyl-clad, double-hung windows, with full screens. The slider door to the patio is a vinyl-clad French door with integrated blinds. The 30-year roof with architectural shingles is approximately 16 years old, with gutter guards installed. HVAC systems were each installed in 2024.New water heater installed in 2009. The garage has overhead/wall shelf storage options and chainless door opener. The house has other features added to enhance enjoyment, such as a separate thermostat on the Upper Level to adjust the temperature as desired, upgraded door levers for an enhanced look & easier opening when your hands are full, a Moen Flo water alarm (insurance discount), and Smart features (Wi-Fi controlled thermostats, smoke/carbon monoxide monitors, garage door, & Ring doorbell.
5203 Cottingham Pl, Alexandria, VA 22304
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.
