Wrapped in lush greenery and bathed in natural light, this beautifully updated, turnkey single-family home offers a peaceful, airy environment designed for refined modern living. Boasting a spacious, expanded floor plan, the residence welcomes you with an open-concept layout that flows effortlessly from room to room and keeps the spaces defined yet connected. //The kitchen was rebuilt with white shaker cabinets and stainless appliances, including a gas range. The open wraparound counter design gives maximum space and functionality, with convenient bar seating and connection to the dining area so cooking and conversation happen in the same space. //A hallway with built-ins off of the living area connects the first two sizable bedrooms and renovated full bathroom. Each gets plenty of light and privacy from the carefully selected landscaping outside, and the middle bedroom has an added solar-powered skylight. //A separate laundry room inside the home offers a designated space with enough room for supplies to be conveniently kept. //The primary suite is one of the home's real strengths. Generously sized, it has a walk-in closet with a custom Elfa system and sliding glass doors that open directly to the backyard. A second closet adds even more storage next to the nicely designed vanity and full en-suite bathroom. //Out back is where this house truly shows its magic. The yard is fully private, with mature landscaping lining the perimeter and a large avocado tree anchoring the space above a real grass lawn. It is the kind of backyard that draws people outside without much convincing, weekend after weekend. A finished detached garage adds even more flexibility for hosting, open to a long driveway that can host a parade of cars or a party of scootering children. //The practical side is just as solid. An EV charging station, a whole-home alarm system, water filtration system at the kitchen sink, central air and heat, and new exterior gutters and drainage are all already done. //In a central location easily accessible to Downtown LA and SoFi stadium and just a street away from Van Ness Aquatic Center & Park, there are endless opportunities for adventure. This is a space you can truly enjoy coming home to, from the moment you turn onto the enchanting tree-lined street as your friendly neighbors offer a welcoming wave, to the comforting storybook porch and comfortable space inside.
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.
