Welcome home to a charming and thoughtfully updated condo that offers comfort, convenience, and exceptional value in one inviting package. As you enter, you can immediately feel the warmth of a bright, refreshed living space designed for easy everyday living. With 2 bedrooms, 1 bathroom, and 730 square feet, you can enjoy a layout that feels both functional and comfortable. Plus, you’ll have the convenience of your own dedicated parking space—an added benefit that makes daily living that much easier. The upgraded vinyl flooring flows seamlessly throughout, creating a cohesive and modern look. In the kitchen, you can cook and entertain with ease thanks to renovated countertops and updated cabinetry that blend style and practicality. Just beyond, the fully remodeled bathroom provides a clean, contemporary finish, while new custom light fixtures throughout the home add a polished touch. In the primary bedroom, you can take advantage of a spacious walk-in closet—giving you the storage you need without compromising comfort. Every detail has been designed to make the space feel welcoming and efficient. Right outside your front door, you can enjoy a pleasant courtyard setting along with your own private patio—perfect for morning coffee or winding down in the evening. The community also offers on-site laundry and a sparkling pool to enjoy on warm days. The location makes everyday living even easier. You can quickly access major freeways, making commutes to Downtown Los Angeles, the Westside, or the Orange County coastal cities simple and convenient. You’re also just a short drive from nearby parks, reputable schools, and the coastline. A variety of shopping, dining, and entertainment options, along with popular coastal attractions, are all within easy reach. With recent upgrades in both the kitchen and bathroom, along with updated flooring throughout, you can move right in and start enjoying the space. As one of the more affordable condo options in Los Angeles County, it also offers strong rental potential and long-term value. This is your chance to own a well-maintained, stylish home in a location that keeps you connected to everything Southern California 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.
