205 Yoakum Pkwy # 506, Alexandria, VA 22304
2 beds · 2 baths · 1,064 sqft
Showings Have Resumed. We Welcome You! Welcome to luxury living in Alexandria, Virginia, with this meticulously renovated two-bedroom, two-bathroom condo at 205 Yoakum Parkway #506. Nestled in the heart of a secure-entry community, this property offers a perfect blend of comfort, style, and convenience, making it an ideal home for those seeking a serene and upscale living experience. The community requires a move agreement with terms and fees associated with moving in. This two (2) bed, one and a half (1.5) bath condo is an open and inviting floor plan that seamlessly combines modern luxury with functionality. The living space is adorned with high-end finishes and a warm color palette, creating an inviting and welcoming atmosphere that's perfect for both relaxing and entertaining. The gourmet kitchen is a chef's dream, featuring high-end stainless steel appliances, sleek quartz countertops, beautiful wall-to-wall Marin misty blue ceramic backsplash, ample cabinet space, and the stackable washer and dryer. Both bedrooms are spacious and offer plenty of natural light, ensuring a peaceful retreat after a long day. The master suite offers a large walk-in closet and an en-suite bathroom with luxurious fixtures and finishes. The second bedroom is equally impressive, with easy access to the second full bathroom, beautifully designed with modern amenities. Living at 205 Yoakum Parkway means having access to an unparalleled array of amenities. Residents can enjoy both indoor and outdoor pools, perfect for relaxation or invigorating swims regardless of the season. The community also features a state-of-the-art fitness center, tennis courts, a sauna, and a clubhouse, providing endless opportunities for leisure and socializing. With its secure entry, dedicated parking, and a prime location close to shopping, dining, and entertainment options, this condo offers the ultimate in convenience and luxury. Additional amenities include, bike storage, in-house maintenance, market for shopping, a cafe, ATM on-site, TV Room, Air Hockey room, outside gazebos and BBQ area.
Source: BRIGHT #VAAX2042062
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAAX2042062
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.