595 22nd St Oakland, CA 94612
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About this home
Introducing an Uptown flat in a boutique 6-unit Victorian building. This condo feels like a single-family home with a generous living area and proper dining room both with gleaming hardwood floors. Two generous sized bedrooms boast large walk-in closets and fresh carpet. Upper corner location with lots of energy efficient windows bring in natural light. The unit benefits from a spacious office so you can work from home. A private balcony off the primary bedroom provides a spot to enjoy the outdoors in the sun or unfurl the retractable awning for some shade. An oversized attic for storage and endless possibilities. Condo features in unit laundry, deeded parking for one car, and integrated fire sprinklers for safety. The complex is self-managed with low HOA dues. The exterior has been recently painted to feature its Victorian architecture. Uptown is one of Oakland’s most vibrant neighborhoods with the historic Paramount and Fox theaters, along with some of Oaktown’s most popular restaurants. Grocery shop at nearby Whole Foods and Sprouts. Enjoy all the activities and beauty of Lake Merritt. For transportation; BART is just a 1 1/2 blocks away and easy freeway access to SF and beyond. Walk score of 97. This is the downtown jewel you have been looking for!
Source: CRMLS #41111561
Neighborhood
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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.