2241 Lovedale Ln # 412C, Reston, VA 20191
2 beds · 2 baths · 1,474 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 2241 C Lovedale Lane, a stunning top-level condo in the heart of Reston that offers a rare blend of modern design, spacious comfort, and an unbeatable location. This beautifully maintained 2-bedroom, 2-bathroom home with a versatile loft delivers an open and airy floor plan with soaring vaulted ceilings, skylights that bathe the space in natural light, and a bright, welcoming atmosphere throughout. The loft adds the perfect bonus space—ideal for a home office, gym, guest area, or creative studio. In the loft, you’ll also find a mounted 120-inch projector screen that can convey, and a deep freezer discreetly tucked into the closet, providing extra storage for your needs. The home is fully smart enabled, offering seamless control of the entire property from your phone—including the brand new smart washer, dryer, and high-efficiency hybrid hot water heater with leak detection and auto shut-off. Additional smart upgrades include a Nest Smart Thermostat, Yale Smart Lock on the front door, Smart Doorbell, Nest Smoke/CO2 Detector, and fingerprint-enabled door knobs, along with customizable smart lighting throughout the home, and a regularly maintained HVAC system to ensure long-term comfort and peace of mind. Enjoy cozy evenings by the annually inspected and professionally maintained wood-burning fireplace—a rare feature. The TV mounted above the mantel also conveys with the property, offering added value and convenience. The living area flows into a sunroom overlooking a peaceful canopy of trees, creating the perfect space to read, relax, or work from home. Step onto your private balcony with a push-button extendable awning to enjoy the serene, tree-lined surroundings. The updated kitchen features granite countertops, stainless steel appliances, a new garbage disposal, and ample cabinet space. The primary suite includes a large walk-in closet and private ensuite bath, while the second bedroom and full bath are conveniently located for guests or roommates. Located just minutes from Reston Town Center, Silver Line Metro, shopping, dining, and major commuter routes, this home checks every box. This rare Reston gem blends lifestyle, location, and luxury—and it won’t be on the market long!
Source: BRIGHT #VAFX2233172
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAFX2233172
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.