851 N Glebe Rd Apt 707 Unit 707 Arlington, VA 22203
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About this home
Don’t miss this one-bedroom home at The Continental! Upon entry, you’re welcomed by an open and inviting layout with hardwood floors throughout the living and bedroom areas. The kitchen is appointed with wood cabinetry, granite countertops, and stainless steel appliances. A cozy gas fireplace in the family room adds charm and warmth, while the spacious primary bedroom features a large walk-in closet. An assigned garage parking space (3-11 on the G3 level) is also included. Enjoy sweeping, unobstructed views along with premier building amenities: a rooftop deck with pool, fire pits, and grills; a fully equipped fitness center; party room; theater room; and 24-hour concierge—all with a low condo fee. With a remarkable Walk Score of 96, this prime location offers the best of convenience and lifestyle. Steps from Ballston Metro and Ballston Quarter, you’ll have easy access to top restaurants, shopping, and entertainment. Whole Foods, Trader Joe’s, and Harris Teeter are all nearby, along with multiple parks and trails including Bluemont Junction Trail, Custis Trail, Lubber Run Park, and Bon Air Park Rose Garden. Commuting is effortless with quick connections to I-66, Route 50, Route 29, Reagan National Airport, and downtown DC, plus nearby Virginia Square and Clarendon Metro stations. This is more than just a home—it’s a complete lifestyle. Schedule your showing today to experience all that The Continental has to offer!
Source: BRIGHT #VAAR2063340
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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.