426 W 63rd Pl, Los Angeles, CA 90003
2 beds · 1 baths · 636 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Probate Sale! Estate of Bridget Williams. This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time are TBD. This 2 bed; 1 bath Single Family Home built in 1925 features +/-636 Sq Ft of living space, APN: 6004-040-014. The kitchen features newer white shaker cabinets with granite countertops with an undermount stainless steel sink and stainless steel dishwasher. The bathroom was previously remodeled with newer vanity with granite countertop and marble bath tub and shower. This is a great opportunity to make it your own. There is No Parking on 63rd Place. Please park on 64th Street and walk north on Flower Street when viewing the property and on Auction Day (63rd Place is a dead end street with no turn around). This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. (Timing of hearing is subject to the courts calendar approximately 60-days after the initial offer deadline date).
Source: CLAW #25518697
Source: CLAW #25518697
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.