1412 N Wakefield St, Arlington, VA 22207
3 beds · 2 baths · 1,331 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Brimming with Charm! Nestled in the sought-after Waverly Hills/Willet Heights neighborhood—just minutes from the vibrant Ballston Quarter—this storybook 1935 Tudor is the perfect blend of historic character and modern comfort. This captivating gem welcomes you with a charming stone vestibule entry and inviting Mahogany curved front door. Inside, classic period details abound, including refinished hardwood floors, curved archway between the living room and dining room, toasty radiant heat, glass doorknobs, an exposed staircase, and period style trim. Thoughtful updates bring contemporary convenience, such as a remodeled kitchen and baths, central air conditioning, a new roof, and Arts and Crafts-inspired replacement windows throughout. The sun-drenched living room, complete with fireplace and built-in shelving, sets the stage for relaxed gatherings. A separate dining room offers ample space for entertaining, featuring a charming stained-glass side window and large paired windows overlooking the front garden. The chef’s kitchen, outfitted with granite countertops and stainless steel appliances, is sure to delight culinary enthusiasts. Just beyond, a sunroom/office overlooks the lush backyard, offering a tranquil retreat or a bright and airy sitting space. A versatile main-level bedroom or cozy den is accompanied by a convenient updated full bath. Upstairs, two exceptionally spacious bedrooms showcase whimsical dormered rooflines, enhancing the home’s enchanting character. A remodeled and renovated full bath serves this level. The full basement is an open canvas for your HGTV vision—currently offering a bonus hobby room, laundry/mechanical/utility area, and abundant storage. A detached one-car garage completes this charming package. Set on a picturesque, level lot, the home’s inviting stone patio overlooks a beautifully maintained garden—a true labor of love, with mature trees and vibrant greenery. With the Custis bike trail and connectors to the W&OD trail less than 1/2 block away and Ballston Metro and the lively Ballston Quarter just over half a mile away, this is a rare opportunity to own in one of Arlington’s most charming and convenient neighborhoods. Come see why Waverly Hills/Willet Heights continues to capture the hearts of homebuyers!
Source: BRIGHT #VAAR2055966
Learn about how it works
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 #VAAR2055966
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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 620, 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 committed to and abides by the Fair Housing Act and Equal Opportunity Act.