2990 S Columbus St Arlington, VA 22206
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About this home
Huge Price Drop!!!! Fully renovated Clarendon II end unit 3 LEVEL TOWN HOUSE is exceptionally verdant and peaceful. It has only one neighbor, and is somewhat removed from Columbus St. The flourishing and easy maintenance garden has two substantial trees, providing shade and privacy – perfect for BBQs or cocktails. Lawns, flower beds and mature trees wrap around the two other sides of the house – in effect an extension to the private garden, and idyllic for pets to play in. The re-varnished original white oak floors on the upper two floors are shown off with plentiful light provided by this end unit’s extra windows. The finished basement has new carpet downstairs, and the walls and ceilings of the entire house are newly re-painted and has full size washer /dryer. The kitchen has been entirely renovated recently, with newer updated Frigidaire stainless steel appliances, practical newer quartz countertops, and newer cabinets. Most of the old kitchen wall has been removed, a countertop now linking kitchen and dining room. The large basement room is ideal for a recreation/entertainment space, a third bedroom, or home gym. The smaller downstairs room offers the option of a guest room or office. The esthetically pleasing gable roof provides huge storage space in the attic, without the flooding risk of flat roofs. There is plentiful parking both at the back (resident-only) and front of the house. Full access to Fairlington Village amenities, with the nearest swimming pool (50 yards) and tennis courts (30 yards) only a few steps away. The HOA is also responsible for the roof and all exterior elements of the house. Fairlington is a dog owner’s paradise, with plentiful parks (including nearby Shirlington dog park), even a doggy swimming day in the pools.. It is also extremely cyclist-friendly, with access to DC (via Crystal City), almost entirely via Four-Mile Run and the Mt. Vernon trails. Fairlington also features excellent public transportation access, with frequent WMATA buses that connect to the Pentagon metro station, and nearby Arlington ART and Alexandria DASH bus lines. Visit soon, before this unique unit is snapped up.
Source: BRIGHT #VAAX2050050
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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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