2465 Army Navy Dr # 1-203 Unit 1-203 Arlington, VA 22206
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About this home
Beautiful and spacious 1-bedroom, 1-bath condo with a comfortable and functional layout, located at The Grove at Arlington. Well maintained HVAC & Water Heater (2021). This unit comes with 2 Assigned Garage Parking Spaces (1 with Private Garage Door Access). Features include a kitchen with granite countertops, tile backsplash, recessed lighting, stainless steel appliances (gas range), microwave (2021), Dishwasher (2021), and a bar-height counter—perfect for casual seating with bar stools. A spacious coat closet and a laundry closet with full-size washer and dryer units, plus extra storage, are located just off the kitchen. The open living area offers engineered hardwood floors, crown molding, and access to a private balcony. Perfect for morning coffee or relaxing in the evening! There's ample room in the living area for a dining table, providing flexibility for both everyday living and entertaining. A small hallway separates the main living area from the bedroom, providing added privacy. The bedroom is spacious, fully carpeted and includes a walk-in closet. Bathroom features a large soaking tub / shower and space for additional storage or shelving. Community amenities include: Outdoor pool with lap lanes, Fitness center, Media room, business center, and library, Lounge, party room, and billiards, Outdoor grills and picnic area, Secure package/mail room, and On-site professional management. Transit-friendly location with a bus stop just outside the building that connects directly to the Pentagon Metro (1.4 miles away). Quick access to I-395 makes commuting into D.C. and across Northern Virginia easy. Convenient to key destinations: Reagan National Airport, The Pentagon, Downtown DC & Georgetown, Shirlington Village, Old Town Alexandria and much more! Location. Convenience. Amenities. Don’t miss your chance to make 2465 Army Navy Dr., #203, Arlington, VA 22206 your next home.
Source: BRIGHT #VAAR2065180
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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