8600 Mason Ave Winnetka, CA 91306
Your savings
About this home
GREAT OPPORTUNITY: Let's talk through the many features of this beautiful home located in a desirable neighborhood in Winnetka. This property has a large front yard that can be kept simplistic and well-groomed or allow your creativity to landscape to your heart's desire. There is ample space for parking in the front of the home with garage access to the rear of the property. Upon entering the property, you will immediately notice the open floor plan and kitchen area, perfect for both entertaining and everyday living. The spacious and well-lit living area boasts beautiful wood flooring, full length double pane sliding glass doors and additional double pane windows throughout which will benefit the new owner in SAVING MONEY in energy costs. On cooler winter nights the living room is the area to relax and enjoy a crackling fire. Step outside to your backyard oasis, complete with a concrete patio, planters and refreshing pool that is perfect for cooling off on those hot summer days. The pool is also fenced to prevent any accidents. Additional energy costs are covered with a full solar panel system paid off at close of escrow. The home has a separate laundry room, with side yard access with a half bathroom attached. This is nice for those gardening days to freshen up before fully entering your home. This property has a total of 3 guest bedrooms and one main suite. One of the guest bathrooms has a 3/4 bathroom attached to make a small 2nd primary room. The home comes with a newer ac system to include ductwork and heating equipment. This home really is appealing for the family looking for the perfect home in the beautiful Los Angeles foothill area. Come out and bring the family. Easy to show, and we are easy to work with. The owner is excited to finally bring this stunning home and savory opportunity to our market. "SOLAR" + ENERGY EFFICIENT UPGRADES: Hero loan will be PAID OFF at closing. **LOW TAXES after HEROLOAN PAYOFF**
Source: CRMLS #IG25044732
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.