1831 Prosser Ave Apt 205 Unit 205 Los Angeles, CA 90025
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About this home
Located in a serene, tree-lined residential neighborhood, this bright and charming 2nd story corner unit offers 2 bedrooms and 2 bathrooms with a lovely view of the courtyard pool. The spacious layout includes a large living room, designated dining area, and an updated kitchen recently remodeled with modern finishes. Beautiful luxury vinyl plank flooring extends throughout most of the unit, while a spacious balcony offers a view of the sparkling pool, ideal for both relaxing and entertaining. The primary suite features its own en-suite bathroom and a roomy walk-in closet for ample storage. The unit offers stair-free access, making it ideal for strollers and wheelchairs. The well-maintained complex offers secure entry, a sun-filled pool and lounge area, dedicated parking, and a large community laundry room for convenience. Ideally positioned near Century City and Beverly Hills, this condo is just minutes from the Century City business district, Westfield Century City Mall, top restaurants, movie theaters, and UCLA. With easy access to the 405 and 10 freeways, it's perfectly located to enjoy everything Los Angeles has to offer.
Source: CLAW #25552695
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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.
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