Refreshed and ready for you to enjoy this summer! This beautifully maintained townhome is tucked in a tranquil setting shaded by laced trees and blooming garden beds in desirable The Gardens with resort-style amenities. New wide-plank flooring, fresh interior paint, modernized bathrooms, and air conditioning enhance the home's appeal, while the neutral palette provides the perfect backdrop for your style. A formal entry welcomes you into the spacious living room, where a ceiling fan and comfortable proportions create an inviting setting. The living room flows into the dining area and adjacent open kitchen, ideal for everyday living and entertaining. The bright kitchen features refreshed cabinetry, classic white tile countertops, a garden window, ample storage, and a built-in niche providing the perfect spot for a coffee station or beverage center. A suite of stainless steel appliances, including the refrigerator, gas range, built-in microwave, and dishwasher, further enhances the kitchen's style and functionality. French doors open to a private backyard retreat, where a spacious patio, planting beds, brick accents, and a tranquil in-ground spa create a peaceful setting for outdoor enjoyment, whether savoring a morning coffee, hosting evening gatherings, or unwinding at the end of the day. The backyard also provides direct access to the enclosed 2-car garage, with side-by-side laundry including the washer and dryer. Back inside, a convenient half bathroom, coat closet, and adjacent full-length mirror complete the main level. Upstairs, 2 generously sized bedroom suites are positioned on opposite sides of a central hallway with built-in storage cabinetry. Each suite offers abundant closet space and its own private bathroom, creating a comfortable sense of privacy. Residents of The Gardens enjoy beautifully landscaped grounds and community amenities, including a sparkling pool, tennis courts, and pickleball courts. Ideally situated near shopping, dining, parks, freeway access, and beaches, the location also benefits from proximity to the highly anticipated LA Waterfront redevelopment, a transformative 400-acre, $400 million project reimagining the Port of Los Angeles as a premier destination for dining, shopping, entertainment, and waterfront recreation. Offering a thoughtful blend of refreshed interiors, a peaceful setting, and sought-after community amenities, this move-in-ready home presents a welcome opportunity to enjoy all that The Gardens has to offer.
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.
