8005 Wellington Rd, Alexandria, VA 22308
5 beds · 4 baths · 2,638 sqft
VA Assumable Loan!! Available to Veterans and Non-Veterans. Current note is approximately $1,100,000 at 2.75% interest rate. Stunning Modern Farmhouse in sought after Hollin Hall, blends timeless elegance with modern design. Featuring 5 spacious bedrooms and 3.5 bathrooms, this home offers the perfect balance of comfort and luxury. The expansive kitchen, living room and family room boast soaring 10' ceilings, creating an open, airy atmosphere ideal for both entertaining and everyday living. The main level includes two versatile bedrooms, perfect for a home office or flexible space, along with a full and half bathroom. Upstairs, you'll find generously sized bedrooms with 9' ceilings and custom closet organizers, providing plenty of storage. The luxurious, private owner’s suite features a spa-like bathroom and a large walk-in closet, offering a true retreat. Outside, enjoy a private inground pool and a large, flat, fenced-in yard with mature trees, providing ample shade during the summer months. Additional highlights include driveway parking. Nestled in the charming Hollin Hall Village community in the Fort Hunt Area, this home offers convenient access to a range of amenities. The neighborhood and pool regularly host events for residents to enjoy. Everything you need is within walking distance—playgrounds, sports courts, parks, a coffee shop and bakery, grocery store, pharmacy, restaurants, a bank, clothing stores, a hardware store, and the beloved Variety Store. The Mount Vernon Park Association, just a short stroll away, features 3 pools, over 4 acres of parkland, a private fishing pond, tennis courts, basketball courts, and volleyball courts. You'll also be just minutes from Old Town Alexandria, Belle Haven Country Club, and the historic Mount Vernon Estate. The picturesque Mount Vernon bike trail, which runs from DC to Mount Vernon, is nearby, and easy commutes are available via the scenic George Washington Parkway along the Potomac River to Downtown DC, The Pentagon, Fort Belvoir, Joint Base Anacostia-Bolling, and Amazon HQ2. Modern, elegant, and thoughtfully designed—this home is a true standout and a must-see!
Source: BRIGHT #VAFX2227402
Financials
Source: BRIGHT #VAFX2227402
Source: Public records
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%. 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.
Other resourcesWhat 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.