12029 2nd Ave Lynwood, CA 90262
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About this home
At $679,999, this home is competitively priced compared to nearby Lynwood listings!! PROPERTY WITH PLENTY OF PARKING SPACES (8 PARKING SPACES)****PROPERTY CAN BE EASILY DIVIDED INTO 2 UNITS PLUS 2 CAR GARAGE**** A Modern Touch in a Classic Neighborhood! This REMODELED 3-bedroom home WITH FORMAL DINING ROOM offers an inviting layout and thoughtful upgrades perfect for comfortable everyday living. Step into a bright and open living room featuring sleek recessed lighting, fresh paint, stylish laminate flooring throughout and a stone fireplaceperfect for relaxing evenings or entertaining guests. The upgraded kitchen showcases crisp white cabinetry, modern quartz countertops, and a clean tile backsplashideal for home cooks and entertainers alike. Each bedroom is generously sized, with ample closet space and ceiling fans for added comfort. The updated bathroom features a contemporary vanity, updated fixtures, and a clean, neutral design. Featuring A brand-new electrical panel providing peace of mind, new mini-split system for efficient year-round climate control, and new privacy fence offering enhanced security and curb appeal The long driveway accommodates multiple vehicles and leads to a spacious front yard and 2-car garage. Located near schools, shopping, and the 105 freeway, this move-in-ready gem is perfect for first-time buyers, investors, or anyone seeking a quality home with modern touches. Walking distance to Mark Twain Elementary and a short drive to Lynwood High, with easy freeway access for commuters. Dont miss your chance to own a stylish home in the heart of Lynwood!
Source: SANDIEGO #DW25166417
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.