205 Yoakum Pkwy Unit 1509 Unit 1509 Alexandria, VA 22304
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About this home
Experience resort-style living in this beautifully renovated 2-bedroom, 2-bath condo at the highly sought-after Watergate at Landmark. Perched on the 15th floor, this bright and spacious 1,309 sq. ft. unit offers breathtaking panoramic views of Alexandria and beyond — including a direct overlook of the community’s lush grounds and resort-style pool. Step inside to find a modern open layout with brand new luxury vinyl flooring, fresh paint, and an abundance of natural light pouring through floor-to-ceiling sliding doors leading to a large private balcony. The gourmet kitchen showcases all new soft-close cabinetry, quartz countertops, stainless steel appliances, tile backsplash, and washer and dryer. The primary suite features plush new carpet, generous closet space, and a fully updated en-suite bath with a sleek dual vanity, frameless glass shower, and elegant tile finishes. The second bedroom and guest bath are equally stylish, offering comfort and versatility for guests, an office, or additional living space. Enjoy the all-inclusive amenities that make Watergate at Landmark one of Northern Virginia’s most desirable communities — including indoor and outdoor pools, fitness center, tennis courts, pickleball, racquetball, putting green, playgrounds, library, café, shuttle service, car wash station, and 24-hour security — all covered by the condo fee, which also includes utilities and parking. Located inside the Beltway with easy access to I-395, Old Town Alexandria, and Washington, D.C., this move-in-ready home combines luxury, convenience, and comfort in one perfect package. Listing Agent has ownership in property.
Source: BRIGHT #VAAX2050726
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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