7748 New Providence Dr Apt 85 Unit 85 Falls Church, VA 22042
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About this home
OPEN SUN 11/2 2-4 PM! Welcome to this updated, top-floor condo in the desirable Lakeside community ideally located about a mile from Dunn Loring METRO. The open and airy layout is highlighted by vaulted ceiling, a skylight, and a private balcony. The cozy living room features a wood-burning fireplace, a ceiling fan, and sliding doors that lead to a scenic balcony. A modernized kitchen awaits with pristine white cabinetry, sleek quartz countertops, wood flooring, and a large window that fills the space with natural light. Adjacent to the kitchen, the dining area showcases a stylish chandelier, creating a perfect setting for meals and entertaining. The sun-filled bedroom boasts a walk-in closet, and an updated dual-entry bathroom. Step outside to enjoy treetop views from your private balcony, complete with extra storage. Ample parking is conveniently available just in front of the property. This pet-friendly Lakeside community offers a picturesque lake, scenic walking trails, playgrounds, picnic areas, a dog park and a tennis court. Situated inside the beltway, this condo is only a mile from the vibrant Mosaic District, with its array of fine retail, local and cultural cuisine and fine dining, and entertainment options including Angelika Film Center and Cafe. Commuter’s dream with easy access to I-495, I-66, Rt. 50, Rt. 29, Dunn Loring/Vienna Metro stations, Dulles and Reagan National Airports. Tysons Corner Center with it’s world-class shopping and dining is about 4 mi away. Walking distance to 2941 Restaurant, Northrop Grumman and Defense Health Agency Headquarters.
Source: BRIGHT #VAFX2267968
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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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