8521 Gloria Ave North Hills, CA 91343
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About this home
Welcome to your own private retreat in the heart of North Hills! This charming 3-bedroom, 3-bathroom Pool home sits on a spacious lot and has been thoughtfully updated to blend comfort, function, and outdoor living. Inside, you’ll find an open and bright layout with recessed lighting throughout, ceiling fans in every room, and remodeled bathrooms that bring a fresh modern touch. Including the living and dining areas—and a bright open-concept layout with a newly expanded dining room window. Smart home features include a Ring doorbell and Nest thermostat. The exterior has been professionally landscaped with pavers surrounding the home and includes thoughtful upgrades. Step outside and you’re instantly transported to a relaxing getaway. The backyard is perfect for entertaining or simply enjoying the California lifestyle, featuring a sparkling pool, a large covered patio with lounge and dining space, and plenty of shade from mature fruit trees—pomegranates, citrus, lemon, nectarine, avocado and more. Whether you’re sipping your morning coffee under the trees, hosting a summer BBQ, or relaxing by the pool, this home was designed for both comfort and fun. Even better, the seller has city-approved blueprints and permits for both an ADU and Junior ADU, in approx. extra 1200sf , offering excellent potential for multigenerational living or rental income. Located in a quiet residential neighborhood near parks, shopping, dining, Cal State Northridge, Northridge Fashion Center, and with easy access to the 405/118 freeways, this home combines privacy, comfort, and convenience. A true gem you don’t want to miss!
Source: CRMLS #IV25184146
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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.