4850 Eisenhower Ave Unit 119 Unit 119 Alexandria, VA 22304
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About this home
Welcome to 4850 Eisenhower Avenue #119, a fabulous ground-level condo with 2 bedrooms and covered garage parking in Alexandria’s popular Exchange at Van Dorn! Classic wide-plank floors flow throughout the living spaces and bedrooms. Nine foot ceilings give the home a spacious feel. The kitchen features a ceramic tile floor, 42-inch cabinetry with brushed nickel hardware, stainless appliances, and a useful pass-thru to the separate dining room. The dining room displays a chic light fixture & both the living and the dining room are enhanced by elegant crown molding. The bright living room has track lighting and a door to the private patio where you can enjoy your morning coffee or relax with a book. Both bedrooms are generously sized, with the primary featuring a ceiling fan and large walk-in closet, while the second bedroom offers dual closets and a big double window letting in tons of natural light. The updated hall bath includes stylish tile flooring, a sleek vanity with gold hardware, and a large mirror. This wonderful condo also has an in-unit washer/dryer for easy convenience. The Exchange at Van Dorn has amazing amenities: the pool, the clubhouse with a business center, fitness center, billiards room, great room, yoga room, outdoor fitness loop and dog park! There’s a free shuttle to the super-close Van Dorn Metro. All commuter routes are also nearby, and it’s just a quick hop to Old Town Alexandria’s fun shops and restaurants!
Source: BRIGHT #VAAX2048198
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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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