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$850,000 SIGNIN

Sign in to see required down payment for the 2.8% rate

16212 Inyo St, La Puente, CA 91744

4 beds · 3 baths · 1,411 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

TWO HOMES! 2 Addresses!! Welcome to 16212 Inyo Street! Spacious remodeled home and newly completed ADU (accessory dwelling unit). We can't wait for you to see this amazing property. Offering multi-family living at this move-in-ready home which has been newly upgraded and features a brand-new Additional Dwelling Unit (ADU) added in 2023. The main residence boasts three spacious bedrooms (1 primary suite), two bathrooms, and a versatile bonus room that can serve as a 4th bedroom or office. New open-concept kitchen is breathtaking and opens up into the living room. The newly constructed 380 sq. ft. ADU offers a private one-bedroom, one-bath layout with a kitchen and cozy living area that is perfect for guests, rental income, or extended family. The fully fenced property comes with two separate addresses, providing privacy and flexibility. Conveniently located in a central area close to all amenities, this must-see home combines modern upgrades with incredible investment potential!

Estimated
Seller's interest rate
2.8%
7%
Estimated
Monthly payment

$3,232
$4,174
You may also save up to $286,109 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $4,174 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
FHA
Rate
2.8%
Remaining term
25 yrs and 4 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$3,232
Principal & interest
$1,775
Mortgage insurance
$306
Property taxes
$840
Home insurance
$311
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,411 sqft
Lot size
0.1152 acres
Year built
1954
Type
Multi Family
HOA dues
$0.00

Source: CRMLS #CV25091753

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 05, 2025 09:10 am
Listing agent: Darcy Woolman
Listing provided courtesy of: Elevate Real Estate Agency (909) 266-1777
Details provided by CRMLS and may not match the public record.
MLS ID: #CV25091753
Based on information from California Regional Multiple Listing Service, Inc. as of May 06 2025 - 06:21 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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$3,232
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