3064 E 15th St St Oakland, CA 94601
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About this home
Hello LOW Monthly Payment - ASSUMABLE LOAN at 3.12%. With nearly 3,000 sqft of living space, this beautifully updated home offers 4 bedrooms, 3 bathrooms in the main house plus a 1 bedroom, 1 bath attached ADU — perfect for house hacking, multi-generational living or rental income. Inside, you'll love the stunning hardwood floors, oversized windows that flood the home with natural light, and the blend of classic character and modern upgrades. The spacious layout includes a huge living room, both formal and casual dining areas with built-in cabinetry, and ample closet space throughout. The updated kitchen and bathrooms make moving in easy, just bring your personal touch! Need flexible space? Whether you're looking for house hacking for extra income, a home office, or a space for extended family, the options here are endless. Just 2 blocks to BART, 1 block to the bus line, and minutes to HWY 880 - giving you quick access to Downtown Oakland, San Francisco, and beyond. More to love - Newer roof and updated HVAC system, 200-amp electrical panel, detached 2-car garage + 2 deeded parking space. The garage offers potential for a detached guest suite/ADU. This is the perfect blend of old-world charm & modern updates!
Source: CRMLS #41113393
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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.