Welcome to this beautifully maintained SINGLE-STORY Norwalk home offering 3 bedrooms and 2 bathrooms in a highly desirable neighborhood known for its exceptional pride of ownership. NO HOA. From the moment you arrive, you’ll be charmed by the inviting front porch and vibrant bougainvillea that enhances both the front curb appeal and backyard spaces. Inside, the home's features and open floor plan are showcased w modern and newer recessed lighting throughout. 'Home is where the heart is' and at the heart of this home is a spacious and thoughtfully updated/expanded kitchen designed for both everyday living and entertaining. Enjoy the HUGE ISLAND, elegant Caesarstone countertops, and abundant storage with 42-inch upper cabinets. The open feel is complemented by durable laminate and tile flooring throughout. The generously sized bedrooms provide comfort and flexibility for you, your guests, or a home office setup. Major upgrades include a tankless water heater (2020), updated electrical panel (2016) and a NEW ROOF (2025), offering peace of mind for years to come. Newer double-pane windows and a sliding glass door give the home a contemporary look while helping to conserve on energy. Step outside to your private backyard designed for relaxing or entertaining. The peaceful yard features a covered patio, a newer (2022) spa/hot tub that is INCLUDED, a spacious grass area for entertaining or a fantastic spot to sip a glass of wine while reading a good book. The aromas of a delightful variety of mature fruit trees, including orange, mango, lime, and apple will sure stir the senses. Several water features front and back serve to enhance the ‘Zen’ vibe and feeling that makes this home… HOME! Direct access into the home from the garage (newer garage door 2019) enhances the home's functionality and convenience. Located just minutes from the 605 and 5 freeways, with easy access to abundant shopping, dining, and everyday amenities, this home truly combines comfort, style, and location. Don’t miss this incredible opportunity to own a turnkey home in a fantastic community.
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.
