Two Homes for the Price of One Prime Northridge Opportunity ! Welcome to 8523 & 8521 Lindley Avenue, a rare opportunity to own a beautifully single-family residence plus a detached ADU, offering the ideal balance of owner-occupied comfort and income potential. This versatile property is perfect for buyers looking to offset monthly mortgage expenses while building long-term equity in a highly desirable Northridge neighborhood. The main residence (approximately 1,353 sq ft) features 3 bedrooms and 2 bathrooms, set behind a decorative wrought-iron fence with gated entry and thoughtfully designed front and rear succulent landscaping. A spacious front yard provides ample room for gardening, outdoor relaxation, or entertaining. Inside, the home offers a warm and inviting living and dining area with hardwood flooring, a private primary suite with its own bath, and two generously sized secondary bedrooms sharing a full bathroom. Just off the kitchen, a charming breakfast nook with custom banquette seating and pendant lighting creates an inviting space for casual meals. The galley-style kitchen is well-appointed with abundant cabinetry, granite countertops and backsplash, stainless steel appliances, dual in-wall ovens, and a large picture window overlooking the backyard. The rear yard is designed for both relaxation and entertaining, featuring an oversized deck, a landscaped garden setting, and a large covered patio that connects seamlessly to the detached ADUideal for outdoor dining and gatherings. The approximately 400 sq ft detached ADU offers a private entrance, living/dining area, kitchen with quartz countertops and stainless steel appliances, and a bathroom. This flexible space is well suited for extended family, guests, a home office, or as a rental unit generating supplemental incomeallowing the second unit to help pay down your mortgage. Additional highlights include gated access, an expansive Cemented driveway with ample parking, and a prime location within walking distance to CSUN, and close to Northridge Medical Center, Northridge Fashion Center, Portos Bakery, shopping, dining, public transportation, and major commuter routes. This is a unique opportunity to own a versatile, income-producing property that offers lifestyle, flexibility, and long-term value in one of Northridges most convenient neighborhoods. This is a 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.
