309 Yoakum Pkwy Apt 1003 # 1003, Alexandria, VA 22304
2 beds · 2 baths · 1,309 sqft
Professional Photos Coming Soon: Welcome to the Watergate at Landmark! This 10th-floor, 2-bedroom, 2-bath condo combines contemporary living with resort-style amenities, all nestled inside the Beltway. Take in stunning views of the lush landscape, particularly breathtaking during the autumn months, and enjoy spectacular sunsets every evening from your private balcony. The kitchen has been expanded to create an open-concept layout, showcasing stylish granite countertops with continuous backsplash and top-of-the-line stainless steel appliances. You’ll also appreciate the convenience of a full-size washer and dryer in-unit, as well as multiple storage closets, perfect for use as a pantry or coat closet. Premium hardwood floors have been upgraded throughout, with fresh paint and new carpet in the bedrooms. Brand-new windows ensure the home is as energy-efficient as it is beautiful. A separate storage room is included for extra space. The gated community offers an impressive array of amenities, all covered by your monthly dues, making this a true resort-style living experience. Enjoy indoor and outdoor pools, two tennis courts, a sauna, sun deck, playground, volleyball court, gazebos, a putting green, library, convenience store, indoor golf driving range, game room with table tennis and pool tables, racquetball court, a well-equipped fitness center, and plenty of common outdoor spaces. All utilities are included in your monthly fees, and the building is pet-friendly! Conveniently located off Edsall Road, you’re just a 6-minute drive to Safeway, 7 minutes to the Van Dorn Metro Station, and a short commute to the Pentagon, Amazon HQ2, Ronald Reagan National Airport, Old Town Alexandria, and downtown Washington, D.C. This rare opportunity combines stunning views, luxurious amenities, and modern living spaces in a gated community with unparalleled perks. Don’t miss your chance to make this exceptional condo your new home!
Source: BRIGHT #VAAX2042884
Financials
Source: Public records
Source: BRIGHT #VAAX2042884
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.