1415 Coral Dr, Laguna Beach, CA 92651
3 beds · 4 baths · 3,336 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Commanding panoramic views from brilliant sunrises over the hills, across the vast expanse of the ocean, to vibrant sunsets over Catalina, this architectural gem crafted by Al Lopez is meticulously designed to celebrate its spectacular setting. Expansive walls of glass blur the boundaries between indoor comfort and outdoor splendor, leading to a wraparound terrace with sleek glass fencing that offers an unbroken embrace of the coastal vistas. Sunlight pours into the approximately 3,336-square-foot interiors through expansive glass walls and skylights, illuminating the open living spaces, a trio of bedrooms, and three-and-a-half bathrooms. Set on a single-loaded street, the approximately 10,780 SF lot presents a usable yard with artificial turf. Installed in 2022, a swim spa provides a tranquil spot to soak in the spectacular scenery, complete with an automatic rising cover. Equipped with top-tier appliances such as a Dacor six-burner range, double ovens, and a Bosch refrigerator and dishwasher, the kitchen boasts a stunning natural quartzite island and custom cabinetry. A serene escape, the primary suite on the main level captures ocean breezes and tranquil views. Its spa-inspired bathroom is thoughtfully appointed with dual sinks, quartz countertops, a heated towel rack, and a walk-in shower. The lower level boasts a secondary primary suite with a private balcony and guest suite both featuring incredible views. Designed for productivity, the lower-level living area includes two built-in desks for the ultimate home office, with ample space for a possible game room or fourth bedroom. An elevator graciously connects both levels. A solar-powered Tesla battery system including a car charger, empowers the home's efficiency. Completing the remarkable retreat is a spacious two-car garage with epoxy flooring. Laguna’s Main Beach, village shops and restaurants, and outstanding schools are just moments away.
Source: CRMLS #NP25053074
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #NP25053074
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.