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Thoughts on condo w/ assumable VA loan?
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Ok-Arrival8724 is in Virginia
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30yo guy in DC, single and disheartened by the search. My dream is still to buy a home but, by a stroke of chance, came across a listing for a 2bd/2ba new build condo off of a main strip (H street). Additionally- it comes with an assumable VA loan of 2.25% (making it a 27 year loan). The loan is also passable to a future buyer when I choose to resell. The building itself has some amenities as well. Made an offer and got it.

The monthly payment plus condo fees (comes with most utilities) is still $3k.

Am I making the right move?

Edit:

It’s within my budget. After closing costs I still have $50k in liquid assets plus other investments.

I suppose my main concern is going for a condo vice a house. (House being a more long term investment)

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Posted
1 year ago