3712 El Caminito La Crescenta, CA 91214
Your savings
About this home
A word about this beautiful home's location: About 2,000 feet above sea level and away from the freeway, so it's quiet. There are no street lights so it's dark at night. The street is lined with mature trees on both sides and has little traffic. The San Gabriel Mountains are prominent to the north, as are the Verdugo Mountains to the west. Now step into this American Dream home: There is an open living room/dining room area with laminate flooring and double-pane, UV-coated vinyl windows. A wrought-iron chandelier hangs over the eating area. The 2008 updated kitchen has laminate floors, recessed lights, custom wood cabinets, a double porcelain sink with buffed nickel faucet and a window behind the sink offering a front yard view, attractive Formica counters and backsplash, Whirlpool dishwasher, Samsung stainless steel 5-burner stove, Samsung built-in microwave over the stove, and a Samsung stainless steel refrigerator. Next to the kitchen is a laundry/pantry room with recessed lights, LG stackable inverter direct drive motor washing machine and steam dryer. Off the hallway are two bedrooms and a full bathroom. One bedroom has a ceiling fan/light and two large double-pane windows for plenty of light. Both bedrooms have good-sized closets. The 2008 upgraded bathroom has an American Standard toilet, a vanity with sink, and shower over the bathtub. The large primary bedroom has a ceiling fan/light, crown and baseboard molding, walk-in closet and updated bathroom with walk-in tile shower with seat and glass door, a vanity with sink and Toto toilet. There's also a large enclosed porch with sliding glass doors to the fully-enclosed backyard. There are two backyard patios, one with a fire pit to relax around and enjoy the view of the Verdugo Mountains, the other for outdoor dining. There's also a flat grassy area for play or gardening. The front yard has a flower bed alongside the house. Also, there's an attached two-car garage with additional storage shelving. This home is part of the award winning La Crescenta schools, has easy freeway access, is near Dunsmore Park, and has walkable streets. It's the perfect home!
Source: CRMLS #P1-24680
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.