1601 Kenwood Ave, Alexandria, VA 22302
2 beds · 2 baths · 1,086 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Best deal in all of Beverly Hills! The Terrace Townhouses of Beverly Hills is a garden-style townhome community in Alexandria less than a block from some of the best coffee shops, gourmet food & beverage shops, shopping, pet groomers and more! You'll love this picturesque 2 bed/2 full bath with an abundance of storage that has been freshly painted this year, an updated kitchen with a walk-in pantry w/ in-unit laundry, working fireplace and updated bathrooms. Both living and dining areas have new carpet (2025), and the primary suite includes a spacious dual vanity with walk-in closet. The condo fee of $361/month covers trash, water, sewer, exterior maintenance, and management, and designated parking spot #57- keeping upkeep simple. The location offers easy access to daily necessities and transportation. St. Elmo’s Coffee Pub, Rampart’s Tavern, and Fern Street Gourmet Beer & Wine are all within a block, making it easy to grab coffee, a meal, or groceries without going far. Several parks and walking trails are also nearby. Commuting is straightforward, with Reagan National Airport just 6 miles away (about an 11-minute drive) and downtown D.C. 7.2 miles away (roughly 17 minutes by car). Major roads like I-395 and Route 7 are close by, and public transit options, including bus stops and Metro stations, are easily accessible. If you’re looking for a home that combines convenience, comfort, and easy access to the best of Alexandria and D.C., then this condo is the perfect fit!
Source: BRIGHT #VAAX2043456
Source: BRIGHT #VAAX2043456
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.