Welcome to 6954 Banchory Ct, a light-filled and well-maintained 3 bed, 2 full/2 half bath end unit townhome in the Terrington neighborhood of Kingstowne in Alexandria, Virginia. Every level has been refreshed with fresh paint in every room, new carpet in the bedrooms upstairs, a brand new half bath on the lower level, and updated windows and appliances throughout the home. The ground level is where you enter the home, and the possibilities on this floor are endless. This versatile space could be a living room, office, gym, recreation room, or even a future bedroom. The back door leads right out to the fenced backyard onto a paved patio covered by the 2nd floor deck (above). A brand new half bathroom completes this level. Upstairs, the main level features a centrally located living area and kitchen seamlessly connected by an open-concept layout. The large, Northeast facing bay window brightens the whole floor and provides a beautiful view of the tree just outside. Walk out onto the recently renovated back deck and drink morning coffee, watch the sunset, or grill with friends. The top level features the primary bedroom and updated bathroom along with two additional bedrooms, a 2nd full bathroom, and a conveniently located laundry room. The end-unit location fills the home with abundant natural light and offers added privacy, featuring windows on three sides and just one shared wall. A one-car garage and private driveway provide easy parking. The Terrington neighborhood is in the heart of Kingstowne and is walkable to Kingstowne Town Center and its 90+ stores (0.5 miles). You’re within a short drive to so many DMV-area destinations and amenities: Old Town Alexandria (7 miles); Del Ray Alexandria (7 miles); Springfield (2 miles); Occoquan Historic District (12 miles); National Harbor, MD (9 miles); Georgetown, Washington D.C. (16 miles), Ronald Reagan Washington National Airport (11 miles), Huntley Meadows Park (4 miles). The Kingstowne Residential Owners Corporation (HOA) provides community amenities to include swimming pools, walking/jogging trails, fitness centers, tennis courts, social events, and community programs. Shopping has never been easier with Walmart (0.5 miles), Aldi (0.3 miles), Giant (0.6 miles), Safeway (0.4 miles) all a few streets away. Beyond the amenities and location, the people are what make this community truly special. The neighborhood comes together to celebrate the beginning of summer and Halloween each year at organized block parties, and you’ll quickly feel part of this welcoming community after moving in. Updates: Fresh paint (2026), newly finished ½ bath on the ground level (2026), new carpet in the bedrooms (2026), new stove/oven (2026), landscaping updates with 5-year transferable warranty (2026), refrigerator (2024), dishwasher (2024), clothes washer (2025), clothes dryer (2025), updated exterior deck (2025), primary bathroom shower (2024), Vytex windows with transferable lifetime warranty (2023), and hot water heater (2023).
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.
