4405 Jackson Pl, Alexandria, VA 22309
3 beds · 3 baths · 2,093 sqft
Welcome home to this beautifully maintained 3-bedroom, 2.5-bathroom split level home that combines thoughtful updates with a fantastic location on a private, dead end street! And you will LOVE the flat lot, almost half an acre. Owners invested in a brand new $12,000 fence around the perimeter. Enjoy one of the biggest lots in the neighborhood, and perfect for outside gatherings this spring with friends and family as the weather warms up! A beautiful stone walkway has been added that extends around the house, connecting to the driveway. These owners have thoroughly enjoyed the friendly community with regular block parties and monthly potlucks. No HOA fees in this community. The home features multiple upgrades including renovating the bathrooms, retrofitting two of the wood burning-fireplaces, installing new plantation shutter window treatments and installing new lighting. The south-facing renovated kitchen boasts stainless steel appliances and has a door that leads out to a covered patio to dine al fresco! Ideally situated, the property is less than a 10-minute commute from Fort Belvoir and boasts quick access to Route 1. Enjoy the convenience of nearby retail and dining options, including Costco, Wegmans, and Walmart, along with easy access to the Huntington Metro for your commuting needs. Residents also benefit from an array of community amenities. Four parks are within walking distance, and a nearby recreation center offers an indoor swimming pool, gym, and tennis/pickle ball courts. History and nature enthusiasts will appreciate the proximity to Fort Belvoir, Mount Vernon Mansion, the scenic Potomac River, and Mount Vernon Country Club. Enjoy local favorites like Burton’s Grill & Bar, Bob & Edith’s Diner, El Paso Mexican Restaurant, and Bozzelli’s Italian Deli. This one won't last!
Source: BRIGHT #VAFX2231380
Source: BRIGHT #VAFX2231380
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.