BACK ON THE MARKET! Don't Let This Opportunity Slip Away Again! TWO HOMES FOR THE PRICE OF ONE PRIME NORTHRIDGE OPPORTUNITY NEAR CSUN!... A rare second chance to own this exceptional income-producing property in one of Northridge's most desirable neighborhoods! Whether you're searching for a primary residence with rental income, a multigenerational living solution, or a smart investment, this property checks every box. Welcome to 8523 & 8521 Lindley Avenue, featuring a beautifully maintained 3-bedroom, 2-bathroom single-family home (approximately 1,353 sq. ft.) plus a detached, permitted ADU (approximately 400 sq. ft.) with its own private address, entrance, kitchen, and bath. Live comfortably in one home while the second unit helps offset your monthly mortgageor maximize your investment with two income streams. The main residence welcomes you with outstanding curb appeal, highlighted by a decorative wrought-iron fence, gated entry, lush succulent landscaping, and a spacious front yard perfect for gardening, entertaining, or relaxing. Inside, you'll find warm hardwood flooring, a bright and inviting living and dining area, a private primary suite with its own bathroom, and two generously sized secondary bedrooms. The charming breakfast nook with custom built-in banquette seating provides the perfect spot for morning coffee, while the well-appointed galley kitchen features abundant cabinetry, granite countertops and backsplash, stainless steel appliances, dual built-in ovens, and a large picture window overlooking the backyard. Step outside to your private backyard retreat featuring an oversized entertainment deck, covered patio, mature landscaping, and seamless access to the detached ADUcreating an ideal setting for family gatherings, outdoor dining, and year-round enjoyment. The detached ADU offers exceptional flexibility with its own living area, kitchen appointed with quartz countertops and stainless steel appliances, full bathroom, and private entrance. Ideal for extended family, guests, a home office, college students, or rental income to help reduce your housing costs. Additional highlights include an expansive gated concrete driveway with abundant off-street parking, separate addresses for added convenience, and a highly sought-after location just minutes from CSUN, Northridge Medical Center, Northridge Fashion Center, Porto's Bakery, parks, restaurants, shopping, public transportation, and major freeways.
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.
