14136 Rockenbach St, Baldwin Park, CA 91706
3 beds · 2 baths · 1,320 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This charming single-level home in an established neighborhood offers a blend of classic style and modern upgrades. The inviting curb appeal, with its well-maintained brick fencing, lush grass, palms, and mature trees, provides a sense of privacy and tranquility. As you enter, you’re greeted by a cozy living room featuring laminate wood flooring and an elegant formal living and dining area. The brick archway adds a touch of character, leading you into the updated kitchen. The kitchen is a true highlight, with gleaming granite countertops, newly refaced wooden cabinetry, a large island, a granite backsplash, and stainless steel appliances. The adjacent family room is perfect for relaxing, complete with a charming brick fireplace. Down the hallway, you’ll find four spacious bedrooms, including a primary suite with a beautifully upgraded bathroom. The primary bath features stylish tile, a large glass door shower with dual shower heads, and a generous vanity with a big mirror. The backyard offers endless possibilities. A concrete area, greenhouse, and ample space for an ADU or room addition provide a perfect canvas for future expansion or outdoor entertainment. Whether you're looking to relax in a quiet space or expand the home, this property has it all!
Source: CRMLS #CV25065624
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #CV25065624
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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 and Equal Opportunity Act.