Welcome to prestigious 5449 E. Fairbrook St, Long Beach, CA 90815! This move-in ready residence features 3 spacious bedrooms, 2 modern bathrooms, and 1,526 sq. ft. of bright & open space with elegant & sophisticated feel. Theis stunning home offers exceptional curb appeal, with a beautifully landscaped front yard. Experience the Crown Jewel of Long Beach on the coveted Los Altos’ community. As you approach, you’ll be greeted by a beautifully landscaped front yard. Step inside to find a beautifully upgraded interior that combines modern elegance with flexible layout. The front door opens to a light filled bright & airy living room, and featuring recessed lighting, sliding glass doors that open to your private backyard oasis. South orientation making mornings a breeze. The gourmet kitchen featuring stainless steel appliances anchors the open-concept layout. Kitchen featuring modern appliances, sleek countertops, and ample storage, making it a chef’s delight. The kitchen flows effortlessly into a spacious dining area, where a large sliding door frames views of the lush backyard. The open floor plan seamlessly connects the kitchen to the living & dining areas, perfect for entertaining family and friends. The spacious primary bedroom features its own private sliding door & access to the back yard. The primary ensuite offers a private retreat, updated bathroom, and two walk- in closets. The additional two bedrooms are spacious with upgraded hall bathroom. Additional features of this exceptional home include: Luxury hardwood flooring, Dual-pane windows & sliding glass doors, Recessed lighting, Central heating & AC, Upgraded drainage system. This home has Fresh Interior and Exterior Paint, new PVC laminate flooring in the family room and bedrooms. Move-in ready with thoughtful upgrades throughout. The Low maintenance private backyard is perfect for hosting a party, it's a true entertainer's delight. Whether you’re hosting summer barbecues or enjoying a quiet evening outdoors, this backyard offers endless possibilities. Minutes from Cal State Long Beach, Alamitos Bay, this residence is ideally situated to enjoy the best of Long Beach. Top-rated schools, walkable to shopping mall, golf courses, and local parks. This is your opportunity to own a one-of-a-kind home in one of Long Beach Los Altos’ most coveted neighborhoods. This beautiful home is priced reasonably to sell quickly. So put in your offer as soon as possible. Call Listing Agent for a showing.
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.
