7515 Snowpea Ct # 167-l Unit 167-L Alexandria, VA 22306
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About this home
Assumable 2.87% Interest Rate!! If high interest rates have put your home-ownership goals on pause, this is your chance to press play. This rarely available, light-filled penthouse-level two-bedroom, two-bath condo features dual primary suites, a private top-floor balcony, and soaring vaulted ceilings. Step inside and you’ll immediately feel the care and attention that have gone into maintaining and updating this beautiful home. Fresh, neutral design choices and abundant natural light create a warm, inviting atmosphere that’s move-in ready and waiting for you. The main bedroom suite easily accommodates a king-size bed and includes a walk-in closet and private ensuite bath with a tub-shower combo. The second bedroom, equally spacious, features its own ensuite bathroom that also opens to the foyer - perfect for guests. At the heart of the home is a stylish, cozy living room centered around a charming fireplace. Cooking and entertaining are a joy in the updated kitchen, complete with white cabinetry, quartz countertops, recently refinished hardwood floors, and a large pantry for extra storage. The elegant, open dining and breakfast area - surrounded by large windows - flows seamlessly into the living room, kitchen, and balcony, creating the perfect layout for gatherings. Enjoy the convenience of your own side-by-side washer and dryer in the hallway, with plenty of room for storing laundry essentials. The pet-friendly South Meadows community offers a pool, playground, picnic areas, and ample guest parking - all within a friendly, well-maintained setting conveniently located off Alexandria’s Route 1 corridor and minutes away from everything you need and anywhere you need to be. Don’t miss this opportunity to own your next home with a 2.87% assumable mortgage - a rare chance to secure move-in-ready comfort, style, and affordability all in one. Schedule your tour today! Recent Updates: *2023: New A/C *2024: New Dryer *2025: New Water Heater *2025: Refinished Hardwood Floors (Kitchen & Dining Room)
Source: BRIGHT #VAFX2276722
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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.