***Price Reduction*** Welcome to this beautifully updated Whittier home offering the perfect blend of comfort, flexibility, and opportunity. Featuring approximately 1,800 square feet of living space on a spacious 7,000+ square foot lot, this 4-bedroom, 3-bathroom residence has been thoughtfully upgraded and is designed to accommodate a variety of lifestyles. One of the home's standout features is its versatile fourth-bedroom suite with a private entrance and full bathroom, making it ideal for extended family, guests, a home office, or potential rental income. The heart of the home is the remodeled open-concept kitchen and great room, creating an inviting space for entertaining, family gatherings, and everyday living. The kitchen showcases matching Samsung appliances, a large center island, wine refrigerator, designer vent hood, and abundant workspace for the home chef. The home's unique split-level design creates a natural separation between the living and sleeping areas, offering both privacy and functionality. The generously sized bedrooms are situated away from the main living spaces, while the primary suite features dual vanities, a walk-in shower, and ample closet space. Central heating and air conditioning provide year-round comfort throughout the home. For buyers seeking additional income potential, the attached two-car garage presents future possibilities for an ADU conversion (buyer to verify with the City of Whittier), making this property especially appealing for multigenerational living, house hacking, or long-term investment strategies. Step outside to enjoy the low-maintenance backyard and covered outdoor living areas, ideal for relaxing or entertaining guests. As an added bonus, the Samsung kitchen appliances, wine refrigerator, and three mounted televisions are included with the sale. Conveniently located near shopping, dining, schools, parks, and major transportation routes, this move-in-ready home offers the rare combination of modern upgrades, flexible living space, and future income-producing potential in one of Whittier's most sought-after neighborhoods. Whether you're looking for a spacious family home, a multigenerational living solution, or a property with future income potential, this home offers flexibility and opportunity that is difficult to find in today's market. Don't miss your chance to own this unique Whittier property.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
