Welcome to resort-style living in the highly sought after Kingstowne area of Alexandria. This beautifully maintained 3.5-level, two-sided brick end-unit townhome is ideally located in North Kingstowne, offering exceptional convenience to shopping centers, major commuting routes, and Metro stations. The home features an oversized garage with ample storage space and two spacious bedrooms, including a gracious primary suite with a flexible area perfect for a home office, nursery, or study. Both bedrooms boast vaulted ceilings and ceiling fans for added comfort. There are two full bathrooms on the upper levels, along with two powder rooms—one on the main level and another in the lower level. The east-facing gourmet kitchen is filled with natural light and includes granite countertops, a gas stove and oven, a breakfast bar, and space for a dining table or cozy family room setup. The southwest-facing living room is bright and inviting, featuring Palladian windows and plantation shutters. Adjacent to the living room, the formal dining room showcases a charming six-foot bay window. The spacious recreation room on the lower level includes a gas fireplace, powder room, and a stacked washer and dryer tucked into a laundry closet with extra storage. Step outside to a fully fenced backyard with a walkout basement and a brick patio—perfect for relaxing or entertaining. The home has been lovingly cared for, with thoughtful upgrades including plantation shutters on the main level, Hunter Douglas shades upstairs, and skylights that enhance natural light throughout. Major updates include a roof replacement in 2017, window replacements in 2017 (excluding the Palladian window above the front door), a new garage door in 2016, and a new compressor and HVAC handler installed in 2014. This home combines comfort, style, and convenience in one of the area's most desirable communities.Please NOTE- Security cameras inside the home
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.
