2535 S Myrtle Ave Monrovia, CA 91016
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About this home
***PRICE IMPROVEMENT*** Charming and Beautifully Remodeled Home Near Downtown Los Angeles! This fabulously renovated home features modern upgrades offering a turnkey living experience in a prime location just minutes from Downtown Los Angeles. Enjoy a quick and easy commute along with close access to city attractions, dining, and entertainment. Inside, you'll find a bright and welcoming living and dining area, and a brand-new kitchen complete with new stainless steel appliances, including a dishwasher, stove, refrigerator, and range hood. There's plenty of cabinet space with a lazy Susan in the corner to maximize storage. The stylish bathroom features custom tile work and accent wall, while paneled interior doors throughout the home add a refined touch. Sliding, mirrored wardrobe doors in the bedrooms enhance both style and functionality. The living room is complete with a ceiling fan and light combo for year-round comfort. What would be considered the primary bedroom features two closets and a lovely bay window that brings in natural light and creates the perfect reading nook or cozy retreat. Updated windows throughout the home let in abundant sunlight, creating a cheerful and inviting atmosphere. Outside, you'll enjoy fresh landscaping in both the front and backyard, along with a newly done asphalt driveway. The spacious covered patio is ideal for entertaining or relaxing outdoors, and the conveniently located outdoor laundry area has been enclosed to add everyday practicality. A large side yard offers even more outdoor space perfect for a potential ADU, swimming pool, or expansion of the existing home. This move-in-ready gem is not to be missed. Schedule your private tour today! ((Click on the virtual tour))
Source: CRMLS #CV25224767
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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.