7823 Desiree St, Alexandria, VA 22315
3 beds · 3 baths · 2,072 sqft
*****OFFER DEADLINE - Monday, April 7th at 11am***** THE PERFECT HOUSE IN THE PERFECT NEIGHBORHOOD - You found it! This beautiful Island Creek townhome has over $75,000 in recent updates including a fully renovated kitchen (2019), fresh paint (2022/2024), new roof (2020), reimagined primary and guest bathrooms (2024), hot water heater (2023), new carpet (2024) and so much more over 2,100 sq feet of finished living space. On the main floor you enter the front door and will appreciate an open concept living area and family room with hardwood floors and abundant natural light. The fantastic chef’s kitchen features upgraded 42-inch cabinets, ample storage, a large granite island with bar top seating, and bumped out dining room area perfect for entertaining. The kitchen opens onto a freshly stained large deck (2025) that overlooks open HOA space, providing excellent privacy for morning coffee and sunset dinners. Upstairs you’ll enjoy two large guest bedrooms with vaulted ceilings and an updated modern guest bathroom. You must see the primary to believe it – a spacious room with two walk-in closets prepare you for the spa-like ensuite bathroom with soaking tub, large tile shower and new double vanity. The lower-level recreation room includes a murphy bed for your guests (bedroom #4), cozy gas fireplace and ample storage space. WHAT MAKES ISLAND CREEK A PERFECT NEIGHBORHOOD? The Island Creek Association is a well-managed HOA that offers incredible amenities including a private pool, Island Creek Pond with catch-and-release fishing, multiple tennis and basketball courts, five playgrounds, a volleyball court, walking paths, pet waste stations, and a rentable clubhouse for large social events. There is plenty of guest parking, including long-term overnight parking, in any unnumbered parking spot or along the street. Multiple convenient bus stops making public transportation simple. AN IDEAL LOCATION WITH EVERYTHING YOU WANT. Located within the highly rated school boundaries of Island Creek Elementary (walkable) and Hayfield Secondary. You are surrounded by parks, nature trails, public golf courses, restaurants, and entertainment. Minutes to local highlights like Franconia-Springfield Metro and VRE, Wegmans, Costco, LA Fitness, Kingstown Library, Fort Belvoir, Mason Neck State Park, Historic Occoquan, Historic Mt Vernon, and Old Town Alexandria. Short drive to Washington DC, Tysons, two airports, the Pentagon, Amazon HQ2, and major Northern VA roadways. Schedule your tour of this incredible home today before it's gone! VA Assumable Loan at 4.5% for those that qualify w/enough entitlement.
Source: BRIGHT #VAFX2228998
Source: BRIGHT #VAFX2228998
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.