Unique opportunity for VA Buyers to assume a VA loan under 2.5%! Welcome to this beautifully updated 1925 home that blends timeless character with the comfort, style, and functionality of today. Set behind a fully fenced-in front yard on a quiet street, this thoughtfully renovated three-bedroom, two-bathroom home offers the best of modern living. From the moment you step inside, the home feels warm, inviting, and truly move-in ready. Wide-plank flooring, recessed lighting, and an open-concept layout create a bright and airy flow between the living room, kitchen, and dining room. Designed to feel comfortable for everyday living and effortless entertaining, the kitchen serves as the centerpiece of the home, combining luxurious finishes with the functionality you appreciate most. Featuring a stainless steel Frigidaire gas range, dark quartz countertops, white shaker cabinetry, and breakfast bar seating, the space is both stylish and highly practical. A Bosch dishwasher and LG refrigerator with built-in water and ice complete the kitchen, while abundant natural light makes the space feel open and welcoming at any time of the day. Just off the kitchen is a full laundry room with built-in storage, a side-by-side Samsung smart washer and dryer, and direct access to the backyard - a feature that adds convenience to daily life. A wall of built-in storage transitions you from the kitchen to the dedicated dining room while providing a show-stopping way to display your dishes, cookbooks, and dearest treasures. The primary suite offers a peaceful, tucked away retreat with views of the backyard, mirrored closet doors, and an updated ensuite bathroom featuring a walk-in glass shower finished with floor-to-ceiling tile. The secondary bathroom has been equally well designed, with a tiled tub and shower combination accented by subtle herringbone detailing. The other two bedrooms provide excellent flexibility for today's lifestyle needs, whether they're used for additional family members, a guest room, nursery, home office, or creative workspace. The large outdoor space has been carefully designed to extend the home's usable living space. A large flagstone patio sits beneath a custom-engineered shade sail, creating an ideal setting for outdoor dining, entertaining, or simply enjoying the Southern California weather year-round. Beyond the patio, the grassy backyard offers additional room to relax, play, or garden, while a detached garage has been transformed into an impressive flex space with vaulted wood-beam ceilings and upgraded electrical - ideal for a studio, office, or gym. Not to mention, the large, separate storage shed that provides additional space for all of your valuables. The home also boasts extensive system and infrastructure upgrades that have been completed throughout the property. Recent improvements include a new roof installed in 2024 with solar-ready shingles, a Tesla Universal EV charger, upgraded 200-amp electrical panel, smart thermostat, Ethernet wiring, ADT security system, and automated sprinkler and drip systems in both the front and backyard. These upgrades reflect the level of care and investment put into the home over time. Located amongst tree-lined streets with sidewalks for neighborhood strolls, this property is surrounded by some of the area's most popular destinations. Enjoy the walking paths, playgrounds, pools, and tennis courts at nearby parks such as Edward Vincent Jr. Park and Ladera Park, grab morning coffee at local favorites like Fresh Tribe LA and Hilltop Kitchen, or make dinner reservations at hot spots like Jon and Vinny's and Somerville. With convenient access to SoFi Stadium, Intuit Dome, and the Kia Forum, you can enjoy world-class concerts, sporting events, and entertainment just minutes away. This is a home that offers more than just beautiful finishes - it offers comfort, flexibility, and a lifestyle that feels connected to everything that makes Los Angeles living special.
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.
