944 S Russelee Dr West Covina, CA 91790
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About this home
Welcome to WEST COVINA a charming community in the San Gabriel Valley known for its Parks and great schools. this is the best priced home in the whole city. this is a well-kept Home that has been in the same family for OVER 50 years. Bring a Paint Brush and some paint to make it your Own. Close to Haven City Market a New Popular Place to eat in the SGV, This Home sits Across the street from Walnut Grove Intermediate School and Around the corner from a beautiful park WALMERADO this home has TWO (2) Good size Bedrooms big enough to fit a King size bed and a dresser, 1-bathroom with a Special Sit-Down Tub NO SHOWER. the home is 917 sq ft. Situated on a corner lot, enjoy the spacious backyard Over 7,200 feet of land with ADU potential. this property offers unparalleled convenience close to Freeways/DMV/Stores/Mall/Restaurants/Parks and More. it has Solar panels; it comes with an attached garage with central air inside of it. potentially making it a Third bedroom, Original Hard Wood Floors could use and Sand and Buff definitely lots of Potential. there is home access from the Garage to the kitchen as well as a door from garage to the back yard. It has washer and dryer up set up in the garage as well. the potential for ADU or SB9 lot split are possible Buyer to do his own investigation..
Source: SANDIEGO #MB25172687
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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.