2243 Martin Apt 419 Unit 419 Irvine, CA 92612
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About this home
SPECTACULAR PENTHOUSE, Views of palm trees, pool and spa from high above! Boasting a spacious floor plan in the highly desirable Metropolitan, this model perfect residence features two master suites, formal entry with wall-mirror, large living room with vaulted ceilings & fireplace with custom mantle, formal dining area with designer light fixture and floor-to-ceiling wall mirror. Spacious kitchen opens up to the living area, and boasts ceramic tile floors, upgraded appliances, recessed lighting, breakfast nook and raised breakfast bar. Also of note is an inside laundry area with washer & dryer included. Dual master suites; first one with French door access to the deck, walk-in closet with mirrored closet doors, and large master bathroom with upgraded floors, large vanity with dual sinks, skylight and Roman soaking tub. Spacious second master suite with walk-in closet and bathroom with dual vanities & skylight. Upgrades include brand new designer carpeting, fresh two-tone interior paint, extensive use of custom baseboards & crown molding, plantation shutters & more. Private deck with views of pool, spa & palm trees, and penthouse location. Subterranean 2 parking spaces side by side. Centrally located close to South Coast Plaza, Fashion Island, beaches, freeways 405, 73, 55, and John Wayne airport. A must-see!!!
Source: SANDIEGO #OC25186341
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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.