2466 Garnett Dr, Alexandria, VA 22311
3 beds · 3 baths · 1,830 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this beautiful brick front townhome with two car garage in the highly sought after Stonegate community of Alexandria in a prime location just minutes to DC! Upon entering, you are greeted by a spacious foyer with hardwood flooring and solid oak stairs leading you to the main level. You will love the bright and open family room with vaulted ceiling, cozy fireplace and hardwood flooring. The updated kitchen features cherry shaker cabinets, stainless steel appliances, granite counters, tile backsplash and tile flooring. The area off the kitchen offers options from an additional dining area, a play room or sitting area with a sliding glass door leading you to the cozy deck. Going up the stairs you will find two secondary bedrooms and a full bathroom share their own level. The top level primary suite offers true privacy with a bright and spacious bedroom with vaulted ceiling, fireplace and en-suite bathroom with double vanity, soaking tub, stand-up shower, private water closet and walk-in closet with additional storage room. The entry level offers additional storage, a laundry room, half bath and access to the spacious two car garage. Stonegate is a quiet neighborhood with no thru streets and offers rich amenities like two playgrounds, an outdoor swimming pool, clubhouse and walking trails. It is conveniently located steps to the commuter bus stop, one mile off I-395, minutes to tons of shopping, dining and entertainment, less than 5 miles to Pentagon & Ft. Myer, and less than 10 miles to Ft. Belvoir. UPDATES/IMPROVEMENTS: New A/C- 2024, New hot water heater- 2021, New windows- 2021, New roof- 2018, New gas furnace- 2017, pipes replaced to copper- 2024, deck boards replaced and painted, garage doors painted, trees professionally cut back and stone hardscape added, fans added to bedrooms
Source: BRIGHT #VAAX2043366
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAAX2043366
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.