1418 N Rhodes St # B # B-105, Arlington, VA 22209
2 beds · 3 baths · 1,832 sqft
Get a free consultation call with an expert in the mortgage assumption process.
SOPHISTICATED RESIDENCE...EXACTLY WHAT YOU EXPECT FROM A HOME! THIS BEAUTY COULD BE ON THE COVER OF ARCHITECTURAL DIGEST***TIMELESS ELEGANCE DESCRIBES THIS METICULOUSLY MAINTAINED 2BD/2.5BA,1,831 SQFT TWO STORY CITY CONDOMINIUM WITH PRIVATE ACCESS TO GARAGE - TWO CAR PARKING SPACES INCLUDING LARGE STORAGE LOCKED CABINETS IN SOUGHT AFTER RHODES HILL SQUARE***PERFECTLY POSITIONED IN THE COURTHOUSE/ROSSLYN CORRIDOR IN ARLINGTON, VIRGINIA JUST MINUTES FROM OUR NATION'S CAPITAL: WALK SCORE = 93***CONVENIENTLY LOCATED BETWEEN TWO METRO STOPS (COURT HOUSE AND ROSSLYN) AND JUST ONE BLOCK FROM ROUTE 50 AND EASY ACCESS TO REAGAN NATIONAL AIRPORT, GW PARKWAY & I-66 AND I-395***A WELCOME HOME FEELING...A FOYER ELEGANT ENTRANCE TO WELCOME YOU AND YOUR GUESTS "HOME". ORIGINAL OWNER HAS CRAFTED THIS HOME WITH DESIGNER PAINT, BUILT-IN CABINETRY ON BOTH LEVELS, PLANTATION SHUTTERS WITH WINDOW HEADER TRIM, EXTRA HEIGHT FIRST LEVEL CEILINGS, UPGRADED GLASS TRIMMED RECESSED LIGHTING WITH DIMMER LIGHT RECEPTICALS THROUGHOUT. ***SHELVING, RAILING, DETAILED MOLDING, TRIM, AND ENCASED MIRRORS***HARDWOOD ON MAIN LEVEL AND PARTLY ON SECOND LEVEL & NEW BERBER FINE QUALITY CARPET IN BEDROOMS***CHEF’S KITCHEN WITH LEATHERED GRANITE COUNTERTOPS WITH PENDANT LIGHTING, TOP OF THE LINE APPLIANCES: JENN-AIR MICROWAVE, JENN-AIR FRENCH DOOR REFRIGERATOR, JENN-AIR 5-BURNER GAS RANGE WITH CONVECTION OVEN & HOOD, BOSCH DISHWASHER***UPPER LEVEL ENSUITE HAS BEEN CUSTOMIZED WITH FRENCH DOORS, WALK-IN CLOSETS WITH CUSTOM SHELVING***2ND BEDROOM IS CURRENTLY USED AS A DEN/STUDY TO THE OWNER'S SUITE, CAN EASILY BE CONVERTED TO PRIVATE BEDROOM OR NURSERY***OWNER'S SUITE HAS LARGE WALK-IN CLOSETS AND SEPARATE SPA BATH AND DUAL SHOWER HEAD SHOWER AND DOUBLE VANITIES WITH GRANITE COUNTER***SECONDARY ROOM CAN ALSO SERVE AS A THIRD BEDROOM***LAUNDRY AREA WITH CABINETS & BEAD BOARDING AND SAMSUNG WASHER & DRYER (4 YEARS OLD)*** ENJOY MODERN CONDOMINIUM LIVING WITH THE CONVENIENCE OF THREE ENTRANCES: 1) FRONT DOOR AND PORCH WITH DIRECT ACCESS TO SIDEWALK AND PATHWAY TO STREET AND EASY WALKABLE COMMUNITY TO MANY LOCAL DINING, RETAIL, AND FITNESS CENTERS, 2) HALLWAY TO MAIL BOX, CONDO LOBBY, AND GARBAGE ROOM, AND 3) UNDERGROUND GARAGE (KEEPING YOUR VEHICLES AWAY FROM WEATHER ELEMENTS) ACCESS DIRECTLY TO YOUR VEHICLE(S).***ASSOCIATION FEE INCLUDES WATER, GAS, GARBAGE, COMMON AREA MAINTENANCE, CONDO COMMUNITY ROOFTOP, AND SNOW REMOVAL.
Source: BRIGHT #VAAR2055808
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 #VAAR2055808
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 of Equal Opportunity Act.