Tucked into the highly sought-after Crystal Canyon Community, PUD (Planned Unit Development) at the foot of the San Gabriel Mountains is this beautifully 2-bedroom, 2-bath townhome that offers the lifestyle upgrade you've been waiting for AND at a price point that makes it one of the most compelling opportunities in North Azusa right now! Step through your private gated patio and into an inviting main living area featuring with vaulted ceilings, a cozy fireplace, and warm flooring. Natural light pours through the unit to help create a quiet, tree-lined surrounding that make coming home feel like a retreat! The kitchen has been updated with quartz countertops / stainless appliances / cabinets. Opens layout makes it easy to host or simply enjoy a relaxed meal at home. A convenient half bath downstairs keeps the living space functional for guests, while the attached 2-car garage with direct access adds to everyday ease. The primary suite upstairs offers a walk-in closet and a private vanity area. Second bedroom and bath located just off from loft space which can be used as a home office. Pool & spa, tennis courts, beautiful landscaping, mountain views, guest parking, Conveniently located minutes from downtown Azusa's shops and dining, Azusa Pacific University, Citrus College, and the Metro A Line (Gold Line) for an effortless commute. And then there's the community. Crystal Canyon is a private, beautifully maintained, gated enclave featuring a resort-style pool and spa, tennis courts, lush greenbelt landscaping, mature trees, and ample guest parking — everything you need for an active, connected lifestyle, all steps from your front door!
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.
