1500 E Commonwealth Ave, Fullerton, CA 92831
3 beds · 2 baths · 1,060 sqft
Charming Home in Prime Fullerton Location and excellent neighborhood. 1500 E. Commonwealth is nestled in the heart of Fullerton, just minutes from Cal State Fullerton and Fullerton College, this delightful 3-bedroom, 1.5-bathroom home offers the perfect blend of vintage charm and modern convenience. Boasting original wood floors that add warmth and character, complemented by newer vinyl flooring in the kitchen and half bath, this home is ready for its next chapter. Recent upgrades enhance both comfort and efficiency, including copper plumbing, dual-pane windows and newly installed water for energy savings, and a fresh coat of interior paint to create a clean welcoming atmosphere. The spacious family room invites gatherings, while the cozy kitchen nook provides a perfect spot for casual meals. Additionally, this home is located within the highly rated Troy High School boundries adding even more appeal. Step outside to enjoy the newly fenced backyard, complete with refreshed landscaping—ideal for entertaining or simply unwinding in your private outdoor space. The garage includes a versatile bonus room, perfect for a home office or creative workspace. With its prime location near top schools,colleges, parks, shopping, and dining, this home is a rare opportunity to own a well-maintained property in a sought-after neighborhood. Don’t miss the chance to make it yours!
Source: CRMLS #OC25039012
Financials
Source: CRMLS #OC25039012
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.