Beautiful updates, meticulous condition, and true move-in readiness set the tone for this exceptional executive-style townhome in the sought-after Old Town Greens neighborhood of North Old Town Alexandria. Perfectly positioned directly across from the neighborhood park, this residence offers three bedrooms, 3.5 bathrooms, and three fully finished levels of refined, elegant living. From the moment you step inside, hardwood floors, main-level floor-to-ceiling windows with motorized blinds, stylish on-trend paint colors, and modern light fixtures signal the quality you will find at every level. The main level flows from the living and dining rooms into an open-concept kitchen and generous sitting area with direct deck access. High-end appliances anchor the kitchen, and a two-sided gas fireplace brings warmth to this cozy space. Upstairs, all three bedrooms share the same level. The primary suite features a tray ceiling with crown molding, two custom walk-in closets with Elfa shelving, and a spa-inspired en-suite bathroom with Carrara marble tile flooring and surround, a soaking tub, an oversized walk-in shower, and a separate water closet. The second and third bedrooms each have ceiling fans, and the upper level full bathroom offers ceramic tile flooring, a bathtub, and a shower with ceramic tile surround. A full-sized washer & dryer are housed in the hallway laundry closet on the upper level next to the bedrooms - super convenient! The lower level recreation room opens directly to the private hardscaped rear patio and the attached front-loading two-car garage with additional storage. A 3rd full bathroom with walk-in shower and ceramic tile surround completes this level. Major system updates include a new roof (2021), Soft-Lite® windows (2021), Provia® French doors (2024), and garage door with smart opener (2024). Old Town Greens amenities include a community pool, playground, picnic area, half basketball court, plus tennis and pickleball courts. Ideally located within walking distance to restaurants, shops, and the new Potomac Yard Metro. Easy commute to Amazon Headquarters, the Pentagon, and Ronald Reagan Airport and only 2 stoplights to DC! This home offers both luxury and convenience. Professional photos, floor plans, marketing brochure and upgrade list are uploaded into MLS listing. MLS disclosures and offer guidelines are also on the MLS listing or contact the listing agent for pdf copies. HOA docs are in hand. Seller reserves the right to set an offer deadline and ratify on a sales offer at any time. Many details make this a pristine place for your next home —prepare to be impressed. Welcome 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.
