4221 W 166th St, Lawndale, CA 90260
3 beds · 2 baths · 1,519 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 4221 W 166th St! This beautiful 3 bed 2 bath features low maintenance grounds with a beautiful layout. As you walk in the front door, you are greeted with an spacious living room that flows into the dining and kitchen area that equipped with quartz counter tops and shaker cabinets with a peninsula perfect for easy entertaining or just a quick meal. The home has recessed lighting and beautiful oak colored flooring throughout. The primary bedroom offers ample space with large closets, with access to the beautiful deck that is perfect for cool nights to lay back outside and relax with a nice beverage. The Primary bathroom features dual sinks with a large vanity and a large shower stand. The two bedrooms are of ample size where it can be used as different functions. The backyard is designed with two entertaining areas with a deck and a fire pit perfect for an intimate get together or large summer parties. This property also has a green feature of paid off solar panels perfect for those who are looking to save energy costs. This ready to move in home is situated with easy access to major freeways, Alondra Golf Course, restaurants- come and take a look and make this home yours!
Source: CRMLS #AR25075196
Source: CRMLS #AR25075196
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 and Equal Opportunity Act.