16921 Lakefront Cir # 45, Huntington Beach, CA 92647
2 beds · 2 baths · 1,250 sqft
Get a free consultation call with an expert in the mortgage assumption process.
***PRICE IMPROVEMENT!!**WELCOME TO MILLSTREAM LUXURY CONDOMINIUMS! A hidden gem nestled in the beautiful, gated community in the city of Huntington Beach. This cozy condo offers 1250 sq feet of living space, 2 bedrooms and 1.5 bathrooms with luxury wood laminate flooring throughout the home. When you walk in the front door you are greeted by a charming fireplace, new dual pane windows and new sliding glass door which opens to the tranquil sounds of meandering streams, cascading waterfalls and scenic walkways!! You are also right near the beautiful, swimming pool!! Walk upstairs to find two bedrooms, a skylit bathroom (Jack and Jill style). The master bedroom boasts a generous wall to wall closet and vaulted ceiling. Laundry is conveniently located upstairs. You also have a 1 car detached garage! The community provides a pool, relaxing spa, tennis courts and meticulously maintained landscaping. This condo combines convenience and a prime location!! Make this your home today!!!
Source: CRMLS #HD25032223
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #HD25032223
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 of Equal Opportunity Act.