8810 Menlo Ave Los Angeles, CA 90044
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About this home
RARE INVESTMENT OPPORTUNITY IN PRIME LOS ANGELES LOCATION. Don't miss this incredible property with HUGE potential to convert into duplex, ideally located just minutes from everything! Only 10 minutes to LAX, 15 minutes to Downtown L.A. and close to SOFI STADIUM, INTUIT DOME, KIA FORUM, AND LA COLISEUM. Surrounded by restaurants, banks, schools, churches, shopping centers, and hospitals, this location is unbeatable! Enjoy an EXTRA-LARGE BACKYARD that can fit 8-10 cars and offers space for expansion or second unit! Recent upgrades include a NEW ROOF AND INSULATION (2 years) UPDATED FOUNDATION and PARTIAL PLUMBING (10years ago), and FRESH INTERIOR PAINT. The home will be delivered VACANT at closing. Whether you're first-time buyer (ask me how to buy this house with only FIVE HUNDRED DOLLARS) or an investor looking for cash flow potential, this is a rare opportunity you WON'T MISS!!! No pierda esta increible propiedad con gran potencial para convertirla en un duplex, idealmente ubicada a 10 minutos de LAX a 15 minutos de los Angeles, cerca del SOFI STADIUM, KIA FORUM, Y COLISEO. Rodeada de escuelas, bancos, iglesias, centros comerciales y hospitales, la ubicacion es inmejorable! Disfrute el amplio patio trasero con capacidad para 8-10 carros y espacio para ampliar o construir una segunda unidad. el terreno cuenta con arboles frutales y vegetales. El techo fue cambiado hace 2 years, cimientos y plomeria actualizados hace 10, tiene nueva pintura en el interior y se entregara vacia. Pregunteme como puede comprar esta casa con solo QUINIENTOS DOLARES!!
Source: SANDIEGO #DW25150368
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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.