7022 Darby Towne Ct, Alexandria, VA 22315
3 beds · 4 baths · 2,240 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**Offer deadline of noon on Monday, April 28th. **Welcome to 7022 Darby Towne Court, a meticulously maintained residence nestled in the sought-after Kingstowne Community of Alexandria. This elegant townhome features three bedrooms and three and a half bathrooms, offering ample space and comfort. The updated kitchen boasts a large island, stainless steel appliances, white cabinets, and granite countertops, and a charming bay window. The Living Room spills onto a large deck with serene views of surrounding trees allowing for easy entertaining and privacy. The property has soaring ceilings and abundant natural light, enhancing its inviting atmosphere. Hardwood floors and recessed lighting add a touch of sophistication on the upper levels. The large basement has recessed lighting and a fireplace for function and comfort. The walkout basement also includes a full bath and large storage room. Enjoy the benefits of many community amenities, including pools, tennis courts, and walking paths. A new library, police station, and community center are wrapping up construction and are expected to open in August. This beauty is situated close to community pools, tennis courts, shopping, dining, the Pentagon, Ft. Belvoir, Ft. Myer, JBAB, National Airport and public transportation, offering an ideal blend of tranquility and accessibility. Three metro stations are close by as well as a bus stop to the metro just down the street. Experience the best of Alexandria living at 7022 Darby Towne Court. Floor Plans are included in the photos. ***********Offer deadline of noon on Monday, April 28th. *** **Roof is 2yrs old, new Hardwood floors, new HVAC compressor, new washer and dryer**
Source: BRIGHT #VAFX2233194
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAFX2233194
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.