708 Chetworth Pl Alexandria, VA 22314
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About this home
<B>ASSUMABLE VA MORTGAGE 2.875% for qualified VA eligible Borrowers</B> Tucked away in one of Alexandria’s most peaceful and picturesque neighborhoods, this beautifully updated home offers the rare combination of Cotswold-style charm and urban convenience. From the moment you arrive, the storybook setting and warm architectural details invite you in, while the thoughtful updates and industrial-farmhouse vibe make it instantly feel like home. Step inside to discover a bright, open living space with modern touches and timeless character. The newly installed HVAC system (August 2025) ensures year-round comfort, while stylish finishes throughout add a touch of contemporary elegance. But what truly sets this home apart is its unbeatable location and NO HOA. Just a short stroll to the sailing marina, the Mount Vernon Trail, and the heart of Old Town Alexandria, you’ll enjoy endless opportunities to explore on foot or by bike. Grab coffee at a nearby café, enjoy dinner at acclaimed local restaurants, or catch the Metro for a car-free commute. Need to get out of town? You're just a little over 2 miles to DCA and 7 miles to downtown DC, making travel and city adventures effortless. Whether you're hosting friends, working from home, or enjoying a quiet evening in, 708 Chetworth Place offers a lifestyle of comfort, convenience, and character—all in a hidden gem of a neighborhood that feels like a peaceful retreat. Mortgage savings may be available for buyers of this listing.
Source: BRIGHT #VAAX2050400
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.