Tucked away on a quiet cul-de-sac, this charming pool home greets you with undeniable curb appeal. Lush green grass, thoughtful rockscape, and a welcoming path lead you to the front door. Step through the private entry into a hallway, where a doorway opens to the kitchen and another doorway leads to a convenient three-quarter bath. The space then flows seamlessly into the bright dining area and expansive living room. The galley kitchen is both stylish and functional, featuring white cabinetry, classic white subway tile backsplash, and stainless steel appliances from Samsung and LG. A charming breakfast nook adjacent to the kitchen is illuminated by a stunning floor-to-ceiling window. A hidden pantry tucked behind the kitchen offers additional storage and organization. The living room is bathed in natural light, thanks to transom windows, large dual-pane windows, and a sliding glass door that opens directly to the backyard creating a seamless indoor-outdoor flow. All bedrooms are generously sized and feature newer carpet. Three of the bedrooms are enhanced with custom closet organizers. Throughout the home, charming exposed vaulted ceilings add character and a sense of spaciousness. The living room and primary bedroom are further elevated with custom shutters. Step outside to the private backyard oasis, designed for low-maintenance enjoyment. A sparkling pool with a heater invites year-round relaxation, while the surrounding concrete keeps upkeep simple. Large planters line the perimeter, ready for your personal touch, and recently installed white vinyl fencing offers privacy and a clean, modern look. Recent updates include dual-pane windows throughout, newer water heater and AC unit, and smart home outlets installed for modern convenience. The property is located very close to award winning schools, many parks, large shopping center with a gym and movie theater, La Mirada Golf Course, Splash, La Mirada Theater For The Performing Arts and it is also steps away from Biola University! Your La Mirada dream home is waiting, make this one yours!
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.
