2145 Mcrae Dr San Pedro, CA 90732
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About this home
Located in the desirable South Shores neighborhood, this upgraded and remodeled home offers a relaxed coastal lifestyle just minutes from the cliffs of Rancho Palos Verdes, Trump National Golf Club, Cabrillo Beach, and Downtown San Pedro, seafood markets, waterfront dining, and unique local shops. The home welcomes with a landscaped front yard, brick-paved driveway, and an attached two-car garage with EV charging. Recent upgrades include fresh interior and exterior paint, luxury vinyl plank flooring, modern lighting, central A/C, and full copper repipe. The living room features vaulted ceilings with exposed beams, large windows for natural light, and a fireplace. Sliding doors open to a balcony with peek-a-boo ocean views and stunning sunset skies. The upgraded kitchen is equipped with stainless steel appliances (oven, range, dishwasher), quartz countertops, and subway tile backsplash. The dining area flows seamlessly from the living space, ideal for everyday meals or casual entertaining. Each bedroom offers its own upgraded ensuite bath for privacy and convenience. The main-level primary suite is paired with a powder room. The lower level includes two additional bedrooms and a spacious family room—perfect for media, office, or guest use, complete with a second fireplace and backyard access. The private backyard features a new paved patio, fruit trees, white vinyl fencing, and a new wrought iron gate—perfect for dining, lounging, or creating a peaceful garden retreat. No HOA.
Source: CRMLS #AR25189302
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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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