Turn Key! Nicely Renovated Through out. Imagine waking up to the sound of the Pacific, with the historic Queen Mary and the shimmering coastline as your permanent backdrop. This 2-bedroom, 2-bathroom luxury condominium in Downtown Long Beach offers a front-row seat to the city’s most electrifying era yet. Whether you're looking for an investment or a coastal sanctuary, this property places you at the epicenter of international excitement.This "beach house" style condo is designed to maximize its prime location. Spacious 2BR/2BA layout featuring floor-to-ceiling windows that flood the home with natural light, Street views of the Queen Mary and the harbor. Private balconies allow you to feel the ocean breeze and enjoy the "Beach Life" without leaving home. Modern Amenities: High-end building 24-hour concierge service, fitness center, resort-style pool, and direct access to the sand. Location: The Ultimate Playground, You aren't just buying a home; you’re buying a lifestyle that merges urban energy with seaside tranquility. The Pike Outlets & Shoreline Village: Just steps away, enjoy premier shopping, dining, and the iconic Ferris wheel. Pacific Outlets & Entertainment: You are walking distance from the Aquarium of the Pacific and a vibrant culinary scene on Pine Avenue. Ocean Access: Direct proximity to the Long Beach Shoreline Bike Path, stretching for miles along the Pacific. Global Events: Your Private Skybox. This property sits directly on the world stage, offering a "VIP balcony" experience for the city's biggest events: The Grand Prix of Long Beach: Feel the roar of the engines and the energy of the crowd. This unit offers direct views of the street circuit. 2028 Olympics Long Beach is set to be a primary venue, hosting events like Sailing, Marathon Swimming, and Beach Volleyball. Owning here puts you at the heart of the action as the world descends on your backyard!! Priced to Sale. Must See!!
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.
