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7110 Coventry Rd, Alexandria, VA 22306
4 beds · 2 baths · 1,792 sqft
Discover the beauty and serenity of Alexandria’s White Oaks neighborhood in this four-bedroom, two-full-bath Cape Cod situated on a level, nearly half-acre, corner lot. This all-brick home with attached one-car garage and large driveway features three levels with a large partially finished walkout basement, extra-large utility room and workshop, and a spacious sunny backyard patio. Freshly painted with new carpet and recent luxury vinyl in the basement, the home features numerous possibilities. Its main level features two bedrooms, a living room with wood-burning fireplace, dining room, and kitchen. The upper level includes two additional bedrooms. Other updates include a new roof in 2015 and new heating and air conditioning in 2018. Additional amenities include an all-house natural gas generator and extra storage shed out back. The southeast facing home is situated on a lot perfect for outdoor activities, with vast amounts of level green space surrounding three sides of the home. The neighborhood also is one of Alexandria’s special gems. Each lot is large, with no more than two homes per acre. Strategically situated in South Alexandria, George Washington Memorial Parkway is just about two miles from the front door heading east, and you can also explore the beautiful Huntley Meadows nature park just about two miles to the west. Huntington Metro is less than three miles away, and Old Town Alexandria and Mount Vernon are both less than five miles away. In addition, Fort Belvoir’s Tulley Gate and Ronald Reagan Washington National Airport are each less than 10 miles away. Don’t miss this opportunity to live in a serene setting that is still right in the middle of all the action that is Alexandria.
Source: BRIGHT #VAFX2242572
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAFX2242572
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
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