3110 Battersea Ln, Alexandria, VA 22309
5 beds · 3 baths · 2,774 sqft
Step into comfort, style, and everyday convenience with this beautifully updated Alexandria home. From the moment you enter, you’ll notice the open, welcoming layout complemented by gleaming hardwood floors and custom recessed lighting throughout the main living areas. The gourmet kitchen is a standout feature, complete with granite countertops, white appliances (new Samsung Bespoke smart refrigerator in 2022!), and generous cabinet space—ideal for the home chef. Just off the dining room and kitchen, a sun-drenched sunroom with walls of windows offers a seamless transition between indoor and outdoor living. This bright space overlooks a fenced private backyard oasis featuring a landscaped patio and sparkling inground HEATED pool (new pump, motor, and heater in summer 2024 and new liner and coping tile 2023!)—perfect for relaxing or entertaining all summer long. The light-filled living and dining areas flow effortlessly for both gatherings and daily living. Spacious bedrooms offer peaceful retreats, and the updated bathrooms boast modern finishes. The finished basement provides additional versatility—whether you need a recreation room, home office, or bonus storage space. New HVAC in 2021! Parking is a breeze with an attached two-car garage and a large driveway with plenty of room for guests. The location is just as ideal—walking distance to Riverside Elementary and Mount Vernon High School, and only minutes from the George Washington Rec Center, shopping, dining, and major commuter routes. This home offers the perfect blend of modern updates, thoughtful design, and unbeatable location. Schedule your private tour today!
Source: BRIGHT #VAFX2226742
Source: BRIGHT #VAFX2226742
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.
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 “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.