301 N Beauregard St Apt 1606 # 1606, Alexandria, VA 22312
2 beds · 2 baths · 1,225 sqft
Gorgeous modern unit 2B – 2B, which has everything freshly painted with an ideal location in the booming West End of Alexandria. Ten Minutes to 7.6 miles Regan National Airport, The Pentagon, the new Amazon HQ, Old Town Alexandria, right off I-395, 1.4 miles to Van Dorn Metro Station, 6 miles to Amtrak Train Station. Near schools. Easy stroll to shops and restaurants with the Giant supermarket right across the street -easy commute to DC. Well-positioned to benefit from the massive Landmark Mall redevelopment project which will include the new Alexandria Hospital and 2500 employees (an excellent time to buy before construction starts) - this sophisticated luxury 2-bedroom 2-bath condo is updated in every way. A designer’s dream that shows like a model unit. Re-designed and streamlined kitchen with all the modern features including quartz counters, stainless steel appliances and 5 burner gas stove with overhead exhaust hood- custom enlarged pantry w/ washer-dryer! Note all the expanded storage in the unit and the features you don’t see - the new double pane windows in every room, corner unit with only one neighbor with a single common wall in the living room. New custom hall closet, multiple custom and expanded bedroom closets, gorgeous sophisticated tile flooring throughout. Near penthouse views for miles. Beautiful deep very private balcony, where you can enjoy stunning sunset. No neighboring buildings to violate your privacy. Oversized windows. Separate corner dining room with spacious kitchen open to the living and dining rooms. Secure garage parking space included and extra storage space conveys. Utilities included in the condo fee, amenities include oversized outdoor pool, in-house gym, sauna, 24-hour front desk with concierge, on-site management, extra visitor parking on grounds, basketball court, tennis courts, luxury living. New balcony sliding door, (1) garage parking, (1) assigned storage.
Source: BRIGHT #VAAX2040652
Source: BRIGHT #VAAX2040652
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
What 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 “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.
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 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.