Move-in ready, 3-bedroom, 2-bathroom starter home ideal for first-time home buyers looking to put down roots in the desirable Los Angeles 90022 pocket, adjacent to Montebello. Offering approximately 1,181 sq ft of functional living space, this beautifully improved property has been extensively remodeled and upgraded, with major system and structural improvements that give the home a newer-construction feel. The renovation included an upgraded kitchen and bathrooms, refreshed interior and exterior finishes, dual-pane windows, recessed lighting, plumbing updates, central AC and heat, updated flooring, and fresh stucco and paint. The home also features an expanded primary bedroom suite addition (approx. 386 sq ft) with a private bath and oversized closet, creating a spacious and comfortable retreat. The updated kitchen designed for inspired chefs features quartz-style countertops, upgraded cabinetry, stainless steel appliances, a designer vent hood, recessed lighting, and a center island workspace that opens to a bright living area ideal for cooking and entertaining. In-home laundry adds everyday convenience. Secondary bedrooms offer flexible use for guests, a nursery, or work-from-home needs. Both bathrooms showcase modern vanities and refreshed finishes, including a glass-enclosed shower with designer tile detail. Enjoy a private backyard built for year-round outdoor living with patio areas, decorative pavers, garden beds, ambient string lighting, and a mature lemon tree — perfect for relaxing evenings and weekend gatherings. The newer detached 2-car garage is currently set up as an artist workshop, making it ideal for creative, studio, or live/work buyers, while still retaining traditional garage function. A long driveway provides space for multiple additional vehicles — parking is not an issue here. Possible ADU or conversion potential (buyer to verify). Conveniently located near shopping, dining, schools, parks, and major commuter routes/freeways 5, 710, 10. A turnkey, extensively upgraded home that shows pride of ownership throughout.- Front and some of the rear yard grass digitally enhanced for marketing purposes-
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.
