2989 W 12th St Los Angeles, CA 90006
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About this home
Spanish-style gem nestled in the vibrant and sought-after neighborhood of KoreaTown, Los Angeles! This residence seamlessly blends classic charm with modern conveniences, offering a truly enchanting living experience, with two bedrooms and one bathroom. You're welcomed by an inviting open floor plan that flows from the living room, dining area, and a beautifully appointed kitchen. Gleaming laminate floors and an abundance natural light create an atmosphere of warmth and comfort, making it perfect for both cozy nights in and evenings gatherings. Indulge in breathtaking sunset views from the front deck, a tranquil retreat to unwind and soak in the stunning Los Angeles skyline. With this idyllic setting, every evening becomes an opportunity to savor the beauty that Southern California has to offer. Relax and entertain in the enclosed patio. Additionally, two side patios offer convenience with one that has laundry hook ups to accommodate a stackable washer and dryer. There is also a one-car garage with its own apn number, while easy access to major freeways places you just minutes away from Downtown LA's vibrant cultural scene, the prestigious University of Southern California (USC), and the exciting Crypto arena. Snuggled in the heart of KoreaTown, this home boasts an enviable location where every amenity is within reach. Savor world-class dining, indulge in cultural experiences, and explore a diverse tapestry of entertainment options, all just moments away.
Source: SANDIEGO #WS25232184
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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.