615 Hampton Dr Unit A102 Unit A102 Venice, CA 90291
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About this home
This undeniably Venice loft in the acclaimed Venice Art Lofts is calling your name - and with a VA loan that may be Assumable! Experience the best of Venice living in this striking 1-bedroom, 2-bathroom two-story loft spanning 1,451 square feet. Designed with a modern industrial aesthetic, this residence features soaring two-story ceilings, sleek concrete floors, and a thoughtfully renovated kitchen that seamlessly blends form and function. The expansive open-concept living area flows onto a private patio ideal for indoor-outdoor living and entertaining. Central air conditioning and heat provide year-round comfort, while architectural lines and abundant natural light create a sophisticated ambiance. Tucked in a vibrant Venice location just moments from the beach, Rose Avenue, Abbot Kinney Boulevard, and acclaimed local favorites such as Gjusta, Wabi on Rose, and Fig Tree. Enjoy unparalleled access to the best dining, shopping, and coastal experiences that Westside LA has to offer. The unit has two assigned parking spaces in a secure subterranean garage. This is urban coastal living at its most inspired, modern, effortless and the perfect place to call home.
Source: CLAW #25564185
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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.