777 6th Ave Unit 404 Unit 404 San Diego, CA 92101
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About this home
The Lofts @ 777 Sixth Avenue is the perfect location for Downtown living. Its located adjacent to numerous luxury shopping, restaurants, and nightlife venues. A short walk to Gas Lamp, the Waterfront, and Petco Park. This is a top floor unit that features high ceilings that provides an open air feeling. The open floor plan where the living room, dining area and kitchen flow seamlessly together maximizes the living space. The kitchen features plenty of cabinets and counter space for all your cooking and entertaining needs. It offers extra open shelf space with an eat-at center island. There is a private bedroom set apart as a partial loft and lots of creative storage areas. The in-unit stackable washer and dryer offers privacy and convenience. There are great views of the city lights from the living room and common areas. This is a secure gated community with a guard that is located in the heart of Downtown. Very low HOA fees compared to the market, but still provides a fully-equipped fitness center and beautiful common area. The location of this unit as well as the layout, condition, and charm make this unit highly desirable if you want to enjoy all that San Diego has to offer. Pictures are from a previous listing. Flooring has been changed and the kitchen cabinets need repaired on one side.
Source: CRMLS #250040810SD
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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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