1209 Carlton Pl, Santa Ana, CA 92707
3 beds · 2 baths · 987 sqft
Welcome to 1209 W. Carlton Place, a charming home located in the heart of Santa Ana! This beautiful property offers a spacious open-concept layout that seamlessly connects the living, dining, and kitchen areas, making it ideal for family gatherings and entertaining. With ample natural light, the interior feels bright and welcoming with 3 bedrooms and 2 bath. Step outside to the large backyard, perfect for outdoor activities, gardening, or simply relaxing in your private retreat. Whether you're hosting a BBQ or enjoying a quiet evening, this outdoor space has endless possibilities. Situated walking distance to the highly desirable Mater Dei High School, this home is close to parks, shopping centers, and dining options. Santa Ana is known for its vibrant culture, historic charm, and diverse community. You're just a short drive away from downtown Santa Ana, where you can explore local boutiques, art galleries, and the renowned Bowers Museum. This home has the perfect set up to build an ADU in the back and have its own entrance on the RV access side of the home.
Source: CLAW #25515135
Financials
Source: CLAW #25515135
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.