Welcome to this beautifully maintained and thoughtfully updated home, where timeless charm meets modern comfort. Featuring 3 spacious bedrooms, a dedicated private office that can easily serve as a fourth bedroom, and 2 renovated bathrooms, this move-in-ready residence combines character, functionality, and exceptional convenience. Recent improvements provide peace of mind and lasting value, including a brand-new roof, fresh interior paint throughout, and a newly established lawn that enhances the home's curb appeal. A widened private driveway comfortably accommodates two vehicles side-by-side, while plentiful street parking provides additional convenience for family and guests. A custom paver walkway leads to the front entrance, creating a welcoming first impression and enhancing the home's overall curb appeal. Inside, rich hand-scraped engineered hardwood flooring flows throughout the main living areas, creating warmth and character. The inviting living room is centered around a cozy wood-burning fireplace, making it the perfect place to relax and unwind. The gourmet kitchen is truly one-of-a-kind and serves as the centerpiece of the home. Featuring custom-built crisp white cabinetry designed specifically for this residence, the space offers exceptional craftsmanship, abundant storage, and thoughtful functionality. Additional highlights include granite countertops, stainless steel appliances, a classic subway tile backsplash, brushed nickel finishes, a large center island, and a built-in wine refrigerator perfect for entertaining. The kitchen opens seamlessly to the family room, creating an ideal gathering space and providing direct access to the covered rear deck— ideal for outdoor dining, gatherings, or enjoying a quiet morning coffee. A dedicated laundry room off the family room, complete with a washer and dryer, adds convenience and functionality. Adjacent to the living room and kitchen, the formal dining room offers an elegant space for hosting family and friends and features its own walkout to the fully fenced backyard, creating seamless indoor-outdoor living. A private office just off the dining room provides the perfect work-from-home space or a flexible bonus room. The spacious primary suite serves as a tranquil retreat, complete with a walk-in closet and an updated ensuite bathroom featuring upgraded tile finishes and a luxurious jetted soaking tub. Two additional generously sized bedrooms offer flexibility for family, guests, or hobbies. The beautifully renovated hall bathroom offers elegant tilework and a frameless glass shower enclosure, delivering a spa-inspired feel. For efficiency and reliability, the home features several significant mechanical upgrades: a tankless water heater provides virtually unlimited hot water, and in 2023, the heat pump and air handler were replaced with a high-efficiency Trane system, which includes a 10-year warranty. Ideally situated in the sought-after Parklawn community, this home offers exceptional access to everything Northern Virginia has to offer. Nature lovers will appreciate the nearby trail network, community pool, and easy access to local parks including Dora Kelley Nature Park and Bren Mar Park, providing scenic walking and biking trails, open green spaces, playgrounds, and recreational opportunities. Residents also enjoy proximity to shopping, dining, grocery stores, fitness centers, and everyday conveniences within minutes of the home. The location is a commuter's dream, offering quick access to I-395, I-495, Columbia Pike, the Pentagon, Amazon HQ2, Old Town Alexandria, and Washington, D.C. Combining tasteful updates, functional living spaces, and an unbeatable location, this exceptional home offers the perfect blend of comfort, style, and convenience. Don't miss this rare opportunity to own a beautifully updated home in one of Alexandria's most convenient and established neighborhoods.
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.
