$10,000 PRICE REDUCTION!!! $5,000 TOWARDS BUYER'S CLOSING COST IF FULL PRICE OFFER RECEIVED BY 12/15/25!!! FIRST TIME HOMEBUYERS, DOWNSIZERS & INVESTORS WELCOME!!! Turnkey one-bedroom, one bath condo located in the heart of McLean's sought after community The Rotonda. A premier gated neighborhood that combines comfortable living or the the option to earn profitable rental income in this spacious condo offering the perfect combination of style and convenience. The welcoming condo association boasts rental friendly policies and recognizes the value of rental income. Offering the flexibility and opportunity to new owners wishing to rent out their units. This condo features hardwood flooring which flows seamlessly throughout the open layout, while the unique kitchen impresses with generous cabinetry, sleek granite countertops and modern stainless steel appliances featuring a GE smart double wall oven with wifi connectivity. Ideal for preparing your favorite meals. Enjoy sunset views on your expansive private balcony while reading your favorite book, having a glass of wine or just unwinding after a long day. The bathroom has been updated with a new vanity and includes a shower/tub combination. The bedroom features a walk-in closet plus a secondary closet for additional storage. The oversized window allows for tranquil treetop views and natural sunlight. The stackable in-unit washer and dryer adds convenience to everyday life. Additional storage unit is available on level B1, storage room 3, cage #516. Indulge yourself in the resort style luxury amenities that The Rotonda has to offer such as indoor/outdoor pools with a spa, fitness center, saunas, tennis, volleyball and basketball courts, putting green, dog park, community center, 24/7 security and concierge. Also take advantage of the resident car wash & vacuum area, EV charging station and so much more! Luxury at it's best. Walking distance to Whole Foods, restaurants, entertainment and shopping at The Boro while just minutes away from Tysons Corner Center and Tysons Galleria. Nearby metro stations Greensboro and Spring Hill along with close proximity to routes 267, I495 and Route 7 make commuting a breeze. Condo fee includes water, sewer and trash. Also available to rent. Don't wait! Make this your new home today!
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.
