1503 Belle View Blvd Apt A1 # A1, Alexandria, VA 22307
2 beds · 1 baths · 768 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Completely Renovated 2BR/1BA located in the Belle View Condo community – Prime Location! ***This light-filled condo features an open floor plan with luxury vinyl plank flooring, custom paint, updated light fixtures, and recessed lighting throughout. The gourmet kitchen boasts custom cabinetry, a stylish tile backsplash, quartz countertops, and stainless steel appliances. The fully remodeled bath showcases modern finishes and thoughtful design. Laundry facilities and a spacious storage unit are conveniently located in the building, accessible via the 1505 entrance, just one stairwell over. Convenient, unassigned parking available in several lots near the buildings and along Belle View Boulevard. The condo fee covers gas, water, sewer, and trash removal, providing added value and ease of living. Belle View offers outstanding amenities, including an outdoor pool, tennis and basketball courts, a picnic area, a playground, and indoor bike storage. Ideally located within walking distance to Belle View Shopping Center, you'll have easy access to Safeway, coffee shops, restaurants, and more. Outdoor enthusiasts will love being close to the Mt. Vernon Trail, Dyke Marsh Trail, and Belle Haven Park & Marina, where you can rent kayaks and canoes. Commuting is a breeze with quick access to Old Town, Potomac Yard Rail Station, Fort Belvoir, Washington, D.C., National Harbor, the Pentagon, and major highways.
Source: BRIGHT #VAFX2221624
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAFX2221624
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.