307 Yoakum Pkwy Apt 1206 # 1206, Alexandria, VA 22304
2 beds · 2 baths · 1,064 sqft
Super, first-class 2 Bedroom Condo featuring large room sizes, glorious views, garage parking, and up-to-date kitchen and baths. This home is freshly painted, offers LVP wood-style floors, eat-in kitchen, and new carpet in the primary bedroom with walk-in closet. This condo has 1064 SF of comfortable living space, perfect for those seeking a blend of convenience and modern amenities. Upon entering, you'll be greeted by a spacious /open living and dining that is ideal for entertaining your friends and family! The kitchen features new cooktop stove, stainless steel double oven, microwave and refrigerator, lots of cabinets and a pantry for storage. The primary bedroom is a large spacious sanctuary where you can rest and relax with plenty of natural light. The second bedroom is versatile and can be used as a guest room, home office, or den etc. The full bathroom is remodeled tastefully designed, and the extra half-bath adds convenience. The foyer area, living/dining, kitchen and second bedroom has luxury vinyl plank flooring. Enjoy the assigned garage parking space, for added security and convenience. This gated community offers so many amenities. Swim in the indoor or outdoor swimming pools, work-out in the gym, or challenge friends to pool, ping-pong, indoor or outdoor tennis or pickleball on the "new" courts, pick up groceries or a fresh meal at the café and more. For those who love the outdoors, the community offers picnic areas perfect for gatherings and relaxation. This exceptional property offers a lifestyle of comfort, convenience, and recreation in a great location. Don't miss the opportunity to make this wonderful condo your new home. Note: *Floorplan updates - Unit redesigned to offer complete privacy in master bedroom area *Each unit controls its own AC/Heating Temperatures!!! All UTILITIES are included in the condo fee; except internet and cable. *Check out the community online - Watergate at Landmark Alexandria VA 22304 *Community Highlights - Alexandria's Landmark Area Westend Project will feature a new INOVA hospital campus, residential units, retail and entertainment and more. The first phase is expected to be completed in 2025. This project will be the vibrant hub of this community and within walking distance of Watergate.
Source: BRIGHT #VAAX2043476
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: BRIGHT #VAAX2043476
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.