Welcome to this magical, light-filled updated Marina Del Rey townhome that truly lives like a single-family residence. Tucked quietly along La Villa Marina within the serene community of Villa San Cipriano, this street facing home is ideally positioned away from the bustle and adjacent to the natural beauty of the Ballona Wetlands. From the moment you enter, an expansive multi-level open floor plan unfolds, accented by soaring vaulted ceilings and an abundance of natural light. The living room opens seamlessly to a private, zen-like patio an incredibly peaceful retreat that feels wonderfully secluded under the protective pines. The renovated chef's kitchen is intelligently designed with custom cabinetry, stainless-steel appliances, and a breakfast bar perfect for everyday living and entertaining. Upstairs, the primary suite is a true sanctuary featuring a spacious bath with double vanities, plus an enclosed balcony ideal for an office, reading nook, or meditation space bathed in sunlight from wall-to-wall windows. The second en-suite bedroom offers generous proportions and massive closet space, making it a perfect guest suite or second primary. Downstairs, off the attached two-car garage, a separate private bonus officepreviously used as a professional editing studioadds exceptional flexibility. The extra storage provides ample room for all your beach and outdoor gear, while a whole-home water filtration system delivers purified water throughout. This home has been deeply loved, and you truly feel it in every detail. Residents enjoy resort-style amenities including a heated pool, relaxing sauna, and beautifully maintained grounds with mature landscaping, along with nightly security patrol for peace of mind within Villa Marina. Just minutes from the beach, Marina Harbor, bike paths, parks, and everyday conveniences like Trader Joe's, Marina Marketplace, theaters, and countless dining options plus easy access to freeways and LAX. This home offers the perfect blend of tranquility, connection to nature, and vibrant coastal living in Marina del Rey.
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.
