5867 Doris Dr, Alexandria, VA 22311
5 beds · 3 baths · 3,471 sqft
Welcome to this breathtaking two-level home offering 5 spacious bedrooms, 3 full bathrooms, and 3,471 square feet of meticulously finished living space. The open-concept living area boasts a stunning wood burning fireplace, soaring cathedral ceilings, and expansive floor-to-ceiling windows that fill the upper level with natural light and provide spectacular views of the surrounding trees. The updated kitchen is a chef’s dream with ample cabinetry, sleek stainless-steel appliances, and a convenient peninsula that doubles as a breakfast bar. A cozy built-in nook near the entrance offers the perfect space for a sitting area or study. The luxurious master suite is a true retreat with panoramic views, beamed, cathedral ceiling, a lavish custom master bath featuring a gorgeous tile shower and dual vanities, plus two walk-in closets. Two more bedrooms and a full hall bathroom complete this level. The fully finished walkout basement is an entertainer's paradise, complete with a second wood burning fireplace, a large family room, a full bathroom, and two additional bedrooms, one of which opens directly to a covered patio, ideal for outdoor enjoyment. Home is equipped with two water heaters. Tucked away on a private third-acre corner lot in Dowden Terrace, this property offers an unparalleled living experience. Backing onto the peaceful Dora Kelley Nature Park and the Holmes Run Trail, you'll enjoy the best of both city life and nature. Imagine stepping outside to find yourself surrounded by lush trails and a 50-acre nature preserve, all while being in the heart of the city. Nestled in a vibrant neighborhood, this home offers a wealth of amenities, including scenic walking and biking trails, a playground, and a community pool. With easy access to I-395, nearby Dash and Metro bus stops, and just under 10 miles to both downtown DC and Reagan National Airport, this location is second to none. Only 6 miles from historic Old Town Alexandria, you'll enjoy the convenience of shopping, dining, and much more just around the corner. This unique home is sure to captivate you from the moment you step inside, offering an undeniable sense of comfort and belonging.
Source: BRIGHT #VAAX2042196
Financials
Source: Public records
Source: BRIGHT #VAAX2042196
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.