1770 Ximeno Ave Apt 314 Unit 314 Long Beach, CA 90815
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About this home
Welcome to 1770 Ximeno Avenue Unit 314 and make it your new home! *Property is eligible for a below market rate and grant for owner occupied buyers. There is an assumable loan on the property with rate of 5.375%. Call to inquire. This generous size 1 bedroom 1 bathroom condo features everything you need. Going down the list you get a nice open kitchen plenty of counter space and cabinets. A very large living room with floor to ceiling windows with lots of natural light, recessed lighting, laminate wood flooring, big dining room area and breakfast nook. This unit offers a large bedroom and large closets with storage organizers so you can maximize your wardrobe. From your bedroom you can step out onto your own private balcony where you can take in the neighborhood views. This building is centrally located, near the traffic circle making it a breeze to access all the wonderful neighborhoods Long Beach has to offer. If being in a walkable area is important, this is property is your match! You are just steps away from Grocery stores (Vons and Ralphs), gyms, dining, shopping, coffee shops and more! Mins to freeway, beaches, downtown, nightlife, parks, museums and in the heart of Long Beach. Welcome home!
Source: SANDIEGO #PW25207929
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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.