Discover COASTAL living in a PRIME LOCATION in this 2076 sq ft 4 bedrooms/4 bathrooms TRI-LEVEL contemporary townhome. This MANHATTAN BEACH ADJACENT CORNER UNIT is nestled behind gates offering a quiet oasis for residents. Arrive home through your private two car garage featuring ample storage, complemented by an EXCLUSIVE PARKING PAD providing space for a 3rd vehicle or 2 small cars. On the GROUND LEVEL, step into a multi-purpose GUEST SUITE that doubles as a HOME OFFICE or Mother-In-Laws quarters, offering an enclosed bathroom with shower and seamless access to a gated patio moments from the community pool. As an END UNIT, the home provides 8 ADDITIONAL WINDOWS thoughtfully distributed across all 3 levels, along with SKYLIGHTS, filling the interior with natural light throughout. The floorplan on the second level is the heart of the home. Enjoy a formal LIVING ROOM with a cozy FIREPLACE. A separate DINING ROOM with a BACK-FACING BALCONY that overlooks palm trees and pool views. An OVERSIZED KITCHEN with nook, STAINLESS STEEL APPLIANCES, GRANITE COUNTERTOPS, and plentiful cabinetry makes this home a dream for anyone who loves to cook! The kitchen flows to the FAMILY ROOM, creating an inviting space for gatherings, with a FRENCH DOOR extending the living space onto a FRONT-FACING BALCONY. A convenient guest POWDER ROOM completes the second level. The THIRD LEVEL features 3 bedrooms and 2 bathrooms, with granite countertops. Enter the PRIMARY SUITE through DOUBLE DOORS. This spa like retreat has high ceilings, ceiling fan, a DUAL FIREPLACE above a jetted tub with SKYLIGHT, separate shower, toilet room, DUAL VANITIES, and a WALK-IN CLOSET. AS you walk across the third-floor landing, there are two large bedrooms with ceiling fans, and a bathroom with a shower over the tub. A full-size washer /dryer can be conveniently tucked into a dedicated laundry area with linen closet. Located within the highly sought after WISEBURN SCHOOL district, Marine Village places you minutes from all beach cities, as well as premier destinations such as THE Point, Manhattan Village, EREWHON and LAX. Easy access to major employers- Northrop Grumman, L.A. Chargers, and SpaceX. Pet Friendly (check HOA rules) LOW HOA DUES, Central AC and Heat. This home offers rare space, is uniquely designed, and delivers the comfort of a single-family feel with the convenience of South Bay living. Don't miss this exceptional opportunity!
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.
