2250 Santa Fe Ave Torrance, CA 90501
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About this home
* Large Corner Lot with white vinyl picket fence and 2 gates. * Spacious Open Floor Plan with 4 bedrooms, 3 bathrooms, Family Room and Office * Vaulted Ceilings are in all 3 upstairs bedrooms, office, living room, and dining room * Lower level bedroom and bath are perfect for in-law quarters * Located in a community of 127 homes, and on the street of original model homes. All utilities are underground, enhancing the visual appeal of the neighborhood * Private permitted office, approximately 200 sq ft, with lots of windows, perfect for remote working from home * Family Room with French doors leading to private backyard oasis *Flagstone in front, back yard, open area and walkways * Heat-resistant and sound dampening Double-Paned Windows & Doors throughout * Vaulted ceiling in Master Bedroom with Walk-in closet and French doors opening to a large, wide balcony with ocean breezes, evening sunsets and views of Palos Verdes Hills * Entire interior recently painted plus exterior blue trim, all woods and double front entry doors are refurbished * Oversized, finished, attached 2-car garage (approx. 550sq ft), newer smart garage door opener, with 220 V outlet. Laundry hookups, direct house access, side door to exterior and to a large refurbished Shed, * 14 Seer A/C and 80% efficiency furnace installed 10/2022 with a 7 year warranty remaining. New heating and cooling vent covers installed * Family room with gas fireplace, interior, safety, thermally-coated chimney. Newly painted fireplace walls and all new gas fireplace hardware. * Kitchen Features pullout drawers for pots and pans * Water Pressure Regulator recently installed * All new brushed nickel door hardware and hinges, new electrical outlets, lighted toggle switches, and ceramic plate covers * Mature landscaping includes Canary Island Pine, 11 Ficus trees, Italian cypress evergreen, 2 Queen palms, and a Peruvian pepper tree, all enhancing privacy, beauty and shade * Electrical Fuse Box updated in 2010 to current standards. Whole house surge protector installed * Easy access to Zamperini Stadium and Field for exercise, track, soccer, football, field events, baseball, and a swim stadium * All neighborhood amenities are within 2-3 miles
Source: CRMLS #SB25197540
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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.