2309 S Buchanan St, Arlington, VA 22206
4 beds · 2 baths · 1,326 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Simply a dream of a location backing onto parkland in the heart of Claremont, a truly neighborly neighborhood. Wonderfully inviting, this spacious sunny cape seamlessly integrates modern updates with the original character of the home. Updated kitchen with granite countertops, upgraded appliances, new floor and a hammered steel pot rack, giving a stylish, urban feel. The house has many historic touches, including vintage door knobs and black and white mosaic tile in the beautifully updated bathrooms. Four good sized bedrooms and two full baths. Inviting living room with wood burning fireplace, sunny dining room surrounded by windows, beautiful hardwood floors. Finished lower level - great family room space! Backing onto a nature preserve, miles of trails, two playgrounds, and with a beautiful back deck to enjoy it all - fireflies, cardinals, even groundhogs and fox. Walk a mile on the trail for brunch in Shirlington or catch a show at the theater. The neighbors are warm and friendly, giving the neighborhood an old-fashioned feel. New roof in 2023! Energy efficient ductless heat and cooling keeps everything comfortable and cozy. Spacious and fresh - sunny and inviting. This house is a gem.
Source: BRIGHT #VAAR2056494
Source: BRIGHT #VAAR2056494
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.