1353 Lakme Ave Wilmington, CA 90744
Your savings
About this home
Don’t miss this great opportunity to own a home in a rarely available neighborhood. Located on a cul-de-sac street, this home has everything you’ve been looking for. This 2-story home boasts 2,174 square feet of comfortable living space. The first floor features a large living room with a gas fireplace and is located just off of the tiled front entry area. The large separate dining room with pool and backyard views offers access into both the kitchen and living room. The upgraded kitchen includes plenty of cabinet space and quartz countertops. The center island features a gas cooktop and seating for 4, making this the ideal meal prep and snacking area. The kitchen also includes a dishwasher, a built-in oven and microwave. There is a family room/gameroom and full bathroom located on the first floor making this the perfect place to enjoy with family and to entertain. The family room provides direct access to the backyard and pool. The laundry room features room for your full-sized washer and dryer and provides direct access to the 2- car attached garage. The second level features all four bedrooms and two additional bathrooms. The over-sized primary suite includes its own bathroom and plenty of closet space. The three additional bedrooms also include plenty of closet space with two of the bedrooms overlooking the backyard and pool. The house has recently been upgraded and includes newer windows throughout and solar panels on the roof. The house features air conditioning and forced air heating. The massive concrete finished backyard is the perfect place to entertain and features a huge pool with an attached spa. Located adjacent to Banning Park and its historical surrounding streets, this corner lot, cul-de-sac, pool home is something special. Don’t delay, call for more information today. This house checks all of the boxes.
Source: CRMLS #PV25226921
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.