Welcome to this highly sought-after single level floor plan with no steps, offering 2 bedrooms, 2 bathrooms, and approximately 1,051 square feet of thoughtfully designed living space. With no one above and no one below, this home provides exceptional privacy in one of Tustin's most picturesque condominium communities. Beautifully upgraded throughout, the kitchen showcases quartz countertops, a classic white subway tile backsplash, crisp white cabinetry, and a sleek black stainless steel glass-top electric range, creating a clean, modern aesthetic that feels both timeless and inviting. Wood textured ceramic plank tile flooring adds warmth and durability while flowing seamlessly through the main living areas. The popular layout offers spacious living and dining areas filled with natural light, along with well-proportioned bedrooms providing comfort and flexibility for guests, a home office, or everyday living. Both bathrooms have been updated with quartz countertops, new sinks, tile backsplash, framed mirrors, mosaic tiles at floor, both toilets are soft-close and glass shower and bathtub enclosures. Ideally located near major commuter routes including the 5 highway, 55 and 405 freeways, you'll enjoy convenient access throughout Orange County located in a centralized location. World class shopping, dining, and entertainment await at the Irvine Spectrum Center while everyday conveniences and popular restaurants are just minutes away at the Tustin Marketplace and Old Town Tustin which features many unique dining spots and a farmers market. Located within a beautiful maintained community and highly regarded school boundaries, this home offers the perfect blend of style, privacy, and convenience. Other highlights include new garbage disposal, new soft neutral color fresh paint throughout, furnace 5 years new with nest thermostat,, recessed lighting, ceiling fans in dining, family and both bedrooms, wood laminate flooring in both bedrooms, scraped ceilings, retractable shade cover at patio, custom window treatments, new energy efficient windows throughout, private detached one car garage, new roof, individual low-maintenance in front of unit landscaping, all offered in a quiet gated community. The home comes with one parking pass for additional parking within the community. Don't miss this, owner took great care of this property showing true pride of ownership.
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.
