2451 Midtown Ave Apt 707 # 707, Alexandria, VA 22303
1 beds · 1 baths · 805 sqft
Welcome to this beautifully updated 1-bedroom, 1-bathroom condo, boasting an open, spacious floor plan and modern upgrades, this home offers the perfect balance of comfort and convenience in one of Alexandria’s most desirable locations. Whether you’re relaxing with a cup of coffee and enjoying the gorgeous views from your living room or taking advantage of the building’s premium amenities, this condo is a true gem! Enjoy exclusive access to the building’s rooftop amenities, including a sparkling pool, sauna, and hot tub — perfect for unwinding after a long day or socializing with friends. Keep in shape with ease in the fully-equipped fitness center located right in the building, on the same floor as the unit. Just moments away from the heart of Old Town Alexandria, offering charming boutiques, diverse restaurants, art galleries, and more. Peace of mind is paramount with 24-hour concierge services and security, ensuring a safe and convenient living environment at all times. Situated with quick access to the Beltway and the Woodrow Wilson Bridge, and steps away from the Huntington Metro, making commuting a breeze.
Source: BRIGHT #VAFX2228652
Financials
Source: BRIGHT #VAFX2228652
Source: Public records
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 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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 580, 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.