3601 Gunston Rd, Alexandria, VA 22302
2 beds · 1 baths · 900 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 3601 Gunston Road—a beautifully updated end-unit Lincoln model nestled in one of Parkfairfax’s most desirable locations. This home features one of the largest patios in the community: an all-brick, garden-style outdoor space with a private side entrance, perfect for entertaining or enjoying your morning coffee in peace. Surrounded by mature trees and lush landscaping, this serene setting offers both privacy and tranquility. Gardeners will love the potential, while those less inclined will appreciate the expert care provided by the condo association. Inside, sunlight pours through oversized windows, filling the freshly painted interior with warmth and natural light. The newly renovated kitchen shines with granite countertops, stainless steel appliances, and a brand-new microwave. Both bedrooms are spacious and bright—the secondary bedroom is filled with natural light, while the primary features an expanded wall of closets and custom storage systems for optimal organization. A separate, nearby storage unit offers even more space for seasonal items and extras. Condo fees include water, gas, six-day-a-week trash pickup, common area maintenance, and access to Parkfairfax’s outstanding amenities: three swimming pools, tennis courts, and a fitness center. There’s always easy, convenient street parking right outside your door. This location is ideal—Shirlington’s restaurants, shops, and theater are just a short walk away, and you’re minutes from Del Ray, Old Town, Bradlee Shopping Center, and more. Commuting is a breeze with quick access to I-395, the Pentagon, Crystal City, Amazon HQ2, and Washington, DC.
Source: BRIGHT #VAAX2041844
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAAX2041844
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.