3112 W 186th St, Torrance, CA 90504
2 beds · 1 baths · 1,008 sqft
Welcome to your dream home! Nestled in an award-winning school district and conveniently located near freeways and shopping centers, this charming property offers the perfect blend of comfort and accessibility. Step inside to discover a thoughtfully updated interior featuring laminate flooring throughout and stylish recessed lighting that adds a modern touch. The two cozy bedrooms provide a peaceful retreat, while the beautifully remodeled bathroom showcases contemporary design and functionality. The heart of the home is the kitchen, where sleek quartz countertops elevate the space, making it ideal for both everyday living and entertaining. A separate laundry room adds convenience, while the mini split in the living room ensures year-round comfort with efficient heating and cooling. Outside, you'll find a detached two-car garage and a generously sized yard, perfect for hosting barbecues or simply enjoying the sunshine. This property is truly a gem—don’t miss the opportunity to make it yours! Schedule your private showing today and experience all it has to offer.
Source: CRMLS #PW25063056
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #PW25063056
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.