VA loan
1 of 55
VA loan
$400,000 SIGNIN

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309 Yoakum Pkwy Apt 1003 # 1003, Alexandria, VA 22304

2 beds · 2 baths · 1,309 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

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!

Estimated
Seller's interest rate
4%
7%
Estimated
Monthly payment

$1,869
$2,469
You may also save up to $208,775 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,469 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
VA
Rate
4%
Remaining term
29 yrs
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,869
Principal & interest
$1,566
Mortgage insurance
-
Property taxes
$166
Home insurance
$136
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,309 sqft
Year built
1979
Type
Condominium
HOA dues
$0.00

Source: BRIGHT #VAAX2042884

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: Apr 29, 2025 09:12 am
Listing agent: Phillip J Simon (571) 226-0556
Listing provided courtesy of: EXP Realty, LLC (866) 825-7169
Details provided by BRIGHT and may not match the public record.
MLS ID: #VAAX2042884
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Roam Brokerage, LLC participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2025 Bright MLS. All rights reserved.
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$1,869
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