Back on the Market and now Priced to Sell!! Welcome to modern urban living at 206 Alamo Ct. in Long Beach, a stunning 4-story townhome within the desirable secure gated Huxton community. As highlighted in Long Beach press releases, The Huxton offers a contemporary, eco-friendly lifestyle in the vibrant East Village Arts District, one of the first "for sale" developments of its kind in nearly a decade. This thoughtfully designed residence maximizes space and light across its four levels. The ground floor features a spacious, oversized one-car garage with direct access, perfect for convenience and additional storage. Eco-conscious buyers will love the owner-owned solar panels and the private one-car garage, which is pre-wired for a 220V electric vehicle charger. Ascend to the second floor, the heart of the home, where you'll find an open-concept layout encompassing the modern kitchen, inviting dining area, and comfortable living room, complemented by a convenient half bathroom. This level is ideal for entertaining and daily living. The third floor is dedicated to comfort and practicality, featuring a private master bedroom suite, offering a serene retreat. Also on this level is a well-placed laundry closet with stackable washer/dryer, making chores a breeze. Experience breathtaking views from the fourth floor, which hosts the second bedroom complete with its own private balcony. From here, take in sweeping vistas of the dynamic city skyline. Embrace the modern, sustainable living offered by The Huxton, a community known for its advanced technology, energy-efficient features, and prime location. Enjoy easy access to Long Beach's bustling downtown, including trendy coffee shops, diverse restaurants, art galleries, boutique shopping, and lively nightlife. The beach, waterfront parks, and bike paths are also just minutes away, along with convenient access to public transit, the Metro Blue Line, and major freeways for effortless commuting. This is urban living at its finest!VA approved.
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.
