Welcome to 5976 Los Feliz, Buena Park a spacious with 2064 living square feet on a 6000 square foot lot, light-filled home offering comfort, flexibility, and endless possibilities. Situated on a generous lot in a convenient Buena Park location, Close to shopping centers, Cypress college and more. This property presents a unique opportunity for buyers seeking space, versatility, and the chance to create a home tailored to their own vision and lifestyle. From the moment you enter, you’ll appreciate the abundance of natural light that fills the home, creating a bright and inviting atmosphere throughout. The open and functional floor plan offers generous living spaces that can accommodate a variety of needs, whether you’re looking for room to entertain, work from home, host guests, pursue hobbies, or simply enjoy everyday living. The home’s spacious layout provides flexibility for a wide range of living arrangements and future possibilities. One of the property’s standout features is the separate, second entrance to second level from backyard, offering additional privacy and versatility. This unique feature may be well-suited for multigenerational living, guest accommodations, a private workspace, or other uses based on a buyer’s needs and imagination. Set on a large lot, the property provides ample outdoor space with potential for future enhancements and expansion. Buyers may wish to explore the possibility of adding an ADU, creating additional outdoor living areas, or pursuing other improvements, subject to verification with the City of Buena Park and applicable regulations. Conveniently located near a variety of shopping centers, restaurants, parks, and everyday amenities, this home has access to major transportation corridors, including the 5, 91, and 605 freeways, making commuting throughout Orange County and Los Angeles County more convenient. The property is also located near Cypress College and other educational institutions, providing additional convenience and accessibility. Whether you’re looking for a spacious place to call home, a property with room to grow, or an opportunity to personalize a residence to match your style and needs, 5976 Los Feliz offers exceptional potential in a desirable Buena Park location. Don’t miss the chance to explore all that this versatile property has to offer and imagine the possibilities that await.
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.
