6407 Rose Hill Dr, Alexandria, VA 22310
3 beds · 2 baths · 1,340 sqft
Get a free consultation call with an expert in the mortgage assumption process.
***WE HAVE ONE OFFER ON HAND. OFFER DEALINE IS MONDAY THE 28TH AT 12PM. SELLER RESERVES THE RIGHT TO ACCEPT AN OFFER SOONER*** This delightful home offers the perfect blend of classic appeal and modern updates, presenting a wonderful opportunity to create the home of your dreams. It offers unbeatable convenience with easy access to three metro stations and is just minutes to 395/495. Step inside to find gleaming hardwood floors that flow throughout the main living areas, creating a warm and inviting atmosphere. The updated bathrooms boast stylish, modern fixtures, offering a touch of luxury. Imagine the possibilities in the spacious, flat backyard – an ideal canvas for outdoor entertaining, and gardening, Location is key, and this home delivers! You're just blocks from the Rose Hill Shopping Center and Franconia Rec Center, and a short hop to the shops and restaurants of Kingstowne and the charm of Old Town Alexandria (only 10 minutes!). Enjoy the convenience of having a vibrant array of local shops and restaurants within easy reach. Commuting to DC, the Pentagon, and beyond is a breeze. Plus, you'll find yourself close to local amenities, ensuring a lifestyle of comfort and convenience. While this home offers significant updates and a fantastic foundation, there's still room to add your personal touches and truly make it your own. Don't miss this incredible opportunity to own this home in a prime location! Home is being sold (AS-IS)
Source: BRIGHT #VAFX2233786
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAFX2233786
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 and Equal Opportunity Act.