5340 Holmes Run Pkwy Unit 804 Unit 804 Alexandria, VA 22304
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About this home
This property qualifies for a $10k grant to help with purchase. Give me a call for more info. Welcome to 5340 Holmes Run Pkwy — a stunning, fully renovated end-unit condo in the heart of Alexandria! This spacious two-bedroom, two-bath home was completely updated in 2022 and has been meticulously maintained by its current owner. Inside, luxury finishes shine throughout. The chef-inspired kitchen features quartz countertops, a dramatic waterfall island with seating for four, LG stainless steel appliances, soft-close cabinetry, and plenty of recessed lighting. The open-concept layout easily accommodates both a dining area and a large sectional sofa, creating a perfect space for relaxing or entertaining. The primary suite offers room for a king-size bed, a generous walk-in closet, and a beautifully updated en-suite bath. A second bedroom and full hall bath provide versatility for guests, a home office, or additional living space. Step outside to your private balcony and enjoy sweeping views—ideal for morning coffee or evening gatherings. This amenity-rich community includes a swimming pool, fully equipped gym, sauna, onsite laundry, 24-hour security, and concierge services. Parking is abundant for residents and guests. The condo fee is one of the lowest in the area and conveniently covers electric, gas, water, trash, and all community amenities. Perfectly located just minutes from Old Town Alexandria, Washington, D.C., and Reagan National Airport, with easy access to Van Dorn Metro, the Pentagon, shopping, and dining—you’ll love the blend of style, convenience, and comfort this home offers.
Source: BRIGHT #VAAX2049942
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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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