773 S Grable Cir Orange, CA 92868
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About this home
FHA ASSUMABLE LOAN: 3.75% with PRICE IMPROVEMENT: Welcome to this beautifully maintained 2-bedroom (FIRST FLOOR optional room conversion currently an office/bonus room) / 3.5+ bathroom built in 2022 in the desirable city of Orange. Features a versatile space on the first floor with its own bathroom and split HVAC system. Great if you wanted to convert to a private mother-in-law suite, or it could be used as a private office space or baby room. Pets are no problem. The unit has luxury vinyl water-resistant flooring throughout the unit and a patio. Keep your electric bills down with paid-off solar panels. The open-concept living and dining area is filled with natural light and added lights, boasting updated flooring and modern finishes. The spacious kitchen includes a farm-style sink, abundant cabinetry, a breakfast bar, and stainless-steel appliances. The large primary suite offers a well-sized room with lots of windows and a ceiling fan attached to an updated en-suite bathroom with dual sinks and a walk-in closet with dual side mirrors for ultimate comfort and privacy. The unit boasts full washer and dryer hookups, making it convenient to do laundry, and plenty of added storage. The second room also has a ceiling fan and an en-suite full bathroom with lots of natural light overlooking the scenic pool area. Additional highlights include an attached 2 car garage with direct access and added storage. Tankless water heater and central air and heat for the entire unit Perfectly situated minutes from The Outlets at Orange, CHOC Hospital, UCI Medical Center, schools, dining, Chapman University, and major freeways (5, 22, 57), this home offers both convenience and tranquility. DON’T MISS OUT ON THIS PROPERTY; CONTACT US TODAY!
Source: CRMLS #DW25175986
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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.