3624 E 10th St, Long Beach, CA 90804
- beds · - baths · 1,277 sqft
Beautifully maintained Craftsman bungalow offering two homes on one lot! Both with vintage and modern flair! Single story (3624) offers open concept living, with AC mini splits in the living room and bedroom. Kitchen with dining area. Kitchen provides gourmet chef touches! The expansive bathroom shows off a mix of vintage elegance and slate tile work! Transport back to the beauty of New Orleans in the private backyard and patio area! It has well-designed custom brickwork, a pergola, and a built-in BBQ. The second home (3626) is set up in the above garage. Loft bedroom with vaulted ceilings! Vintage "Captain's" kitchen! Stylish bathroom with skylights! 2-car garage offers storage and a washer/dryer area. Off-street parking is available. A rare gem, perfect for either owner occupied space, multi-family or as income producing rentals! This property is not to be missed! Single story (3624) is a 1bed/1bath that offers open concept living! The kitchen provides gourmet chef touches with Caesar stone counters, a stainless steel sink, and a peninsula bar area with a gas range. The spacious hallway closet may be used as an office space. Welcome to your backyard oasis that offers the perfect space to relax and enjoy or entertain in the tranquil surroundings. Shading trees, manicured foliage, and a secret back door complete this magical space. The second home (3626) is a 1bed/1bath set up above the garage to take advantage of the views and peace amongst the trees. This property has dual-pane windows and a tankless water heater. The 2-car garage below (3626) offers plenty of storage, a washer/dryer area, and a sink. Located in the desirable area of Belmont Heights! Close proximity to restaurants, shopping, parks, schools, and the Beach/Marina! Convenient freeway access to LA & Orange County! The charm and character of this property are not to be missed! Exterior: Wood/Stucco Sewer: Sewer Connected.
Source: CRMLS #CV25070277
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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
Source: CRMLS #CV25070277
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
What 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 “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.
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 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.
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