324 S Minnesota Ave Glendora, CA 91741
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About this home
Classic 1949 single-level home in central Glendora featuring 2 bedrooms, 1 bath, and approx. 1,198 sq ft on a 5,903 sq ft corner lot * Single-level convenience and a manageable footprint in a walkable location * Light and bright living/dining area connects to a well-planned galley kitchen with stainless steel appliances, granite counters, recessed lighting, open shelving, and an island with in-kitchen seating * Full bath includes a granite vanity and a tub/shower combo * Bedrooms recently painted with new carpet and window blinds * Laundry in garage (washer & dryer) * Outdoors offers established shade trees plus avocado and lemon trees * Attached 2-car garage with direct access and a convenient pull-through driveway provides additional on-site, behind-the-gate parking * Walking distance to Downtown Glendora shopping, coffee shops, and restaurants, and to the new Glendora Gold Line station * Near San Gabriel foothill walking/hiking trails, Glendora Dog Park, multiple neighborhood parks, and new pickleball courts * Located within award-winning Glendora Unified School District * Buyer to verify all measurements, features, permits, school assignments, and local amenities. Equal Housing Opportunity.
Source: CRMLS #CV25226877
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.