3050 S Buchanan St Apt C1 Unit C1 Arlington, VA 22206
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About this home
Welcome to this rarely available Sherwood model in the beloved Fairlington Villages! This top-floor condo offers 2 bedrooms, 1 full bath, a spacious loft, and its own private balcony backing to green space. It's truly an inviting retreat in one of Northern Virginia’s most sought after communities. Inside, you’ll find an airy layout with vaulted ceilings, hardwood floors, and an updated kitchen featuring granite countertops and stainless steel appliances. The spiral staircase leads to the versatile loft with generous storage, perfect for a home office, guest space, or cozy lounge. Recent updates include a new hot water heater (2023), fresh carpet in the bedrooms (hardwoods underneath) and loft, and stylish new light fixtures. All windows were replaced in 2010, HVAC in 2016, and washer and dryer are conveniently in the unit. Plus, the hallways are being completely updated and renovated in 2026! (See design in photos) Fairlington Villages residents enjoy an incredible lifestyle with pools, tennis courts (including pickleball), beautiful green spaces, playgrounds, and endless walking/biking trails. You’ll love being close to Abingdon Elementary School, the community center, farmers market, and, of course, nearby Bradlee and Shirlington Village with Signature Theatre, dining, shops, and movie theater. Commuting is a breeze with quick access to I-395, DCA, multiple bus lines, and you’re just minutes from Del Ray and Old Town. Don’t miss your chance to make this adorable home yours!
Source: BRIGHT #VAAR2064364
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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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