5950 Imperial Hwy Apt 2 Unit 2 South Gate, CA 90280
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About this home
Glenbrook is a gated townhouse community in South Gate featuring well-kept residences and attractively landscaped grounds with mature greenery and walkways. Residents enjoy amenities such as a community pool, spa, and clubhouse. Security is enhanced with controlled access gates, security cameras, and patrol service, while the homeowners association covers water, trash, exterior maintenance, and insurance for added convenience and peace of mind. This townhome offers 1,664 square feet of living space with three bedrooms and three bathrooms. Upstairs, you’ll find two spacious en-suites, each with walk-in closets, while the downstairs bedroom has direct access to a full bathroom. The home has been thoughtfully updated, including a brand-new kitchen with shaker cabinets and quartz countertops, creating a modern and stylish centerpiece for the main level. The open living and dining areas flow seamlessly to a private backyard, and double-paned windows provide abundant natural light. Central heating and air ensure year-round comfort, and the direct-access two-car garage includes laundry hookups. Recent improvements add even more value: the water heater, main water line, gas line, and windows were all replaced just 2.5 years ago, and the main bathroom shower tile is currently being updated. Originally built in the 1970s, this townhome combines size, upgrades, and security in one of South Gate’s most desirable communities. Located within the coveted Downey School District, and with easy access to the 710 and 105 freeways, shopping, and schools, it presents an excellent opportunity for buyers seeking a stylish and well-maintained residence with modern updates and desirable amenities. Beyond the gates, residents enjoy proximity to South Gate Park with its sports courts, fields, and picnic areas. Everyday conveniences are nearby with shopping plazas just minutes away, along with a variety of local restaurants, cafés, and options for dining or nightlife.
Source: CRMLS #PW25215734
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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.
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