5449 E Fairbrook St Long Beach, CA 90815
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About this home
BEST PRICED HOME IN LONG BEACH! Come & see by yourself. About $40,000 price reduction! Don't miss this opportunity to buy a move-in-ready home in the Los Altos Community rich with charm & character. Absolutely stunning home in one of Long Beach’s most sought-after neighborhoods. Just minutes from the Cal State Long Beach campus. Luxurious, model-like residence that has been extensively remodeled with exceptional attention to detail. This single-level retreat offers an unparalleled sophistication, modern design, encompassing 3 spacious bedrooms, 2 gorgeous bathrooms, & with 1,526 SF of beautifully maintained open concept living space & 5818 SF Large lot. From the moment you arrive, you’ll be greeted by newly designed, picturesque landscaping that enhances the home’s curb appeal & creates a warm, welcoming entrance. Inside, the layout is open and thoughtfully designed, a graceful flow between the formal living room, dining area, & separate family room, perfect for both daily living & entertaining. Step into a bright & inviting space, an amazing floor plan lends itself to many different living arrangements, including sumptuous living area, gourmet kitchen, dining, and family area with cozy fireplace. All three luxurious bedrooms are spacious & include multiple dual pane windows, new ceiling fan, & recessed lighting. The primary suite is highlighted by a sliding door framing the view, perfect for watching the beautiful backyard. Beautifully crafted wooden flooring throughout the front of the delightful home & new wood style LVP flooring throughout the back of the home. Additional highlights include dual-pane windows, an updated electrical panel, and new drainage. This home combines comfort, function, and room to make it a buyer's own. Enjoy central A/C & heating. Dual-pane windows, sliders throughout, and ceiling fans in each bedroom. Fresh exterior paint, some new interior paint and new additional recessed lighting. All termite work has already been completed! Oversized single-car attached garage with cabinetry & workshop space. There is a long driveway for parking multiple cars. The amazing back yard offers a peaceful retreat -perfect for relaxing & entertaining. Close to restaurants, parks, golf course, beaches and shopping centers. Easy freeway access. About 10-minute drive to the marina, Naples, and 2nd & PCH for nightlife and fun. One-year warranty included! APPRAISED AT $1,200,000 Call Now.
Source: CRMLS #PW25136424
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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.