5101 Tortuga Dr Apt 205 # 205, Huntington Beach, CA 92649
1 beds · 1 baths · 806 sqft
Welcome to this beautifully updated one-bedroom, one-bathroom condo, where modern style meets everyday comfort. This inviting home features luxury vinyl plank flooring and fresh paint throughout, creating a seamless and contemporary aesthetic. The kitchen is a chef’s delight, boasting brand-new energy-efficient appliances—including a stove, dishwasher, and microwave—complemented by a stylish new backsplash, refurbished cabinets, pendant lighting, and a sleek modern faucet. The bathroom has been thoughtfully redesigned with elegant porcelain wall tiles, a rainfall shower head, a refurbished bathtub and countertop, and updated cabinetry, striking the perfect balance between functionality and luxury. The cozy living room is highlighted by a redesigned fireplace, providing the perfect spot to unwind, while the spacious bedroom, illuminated by a new window, offers a tranquil retreat. Step outside to your private patio, an ideal space for relaxation or outdoor dining. Additional enhancements include a new entry door lock with Wi-Fi, entry code, or key access options, a new ceiling fan, and a recent HVAC tune-up. Convenient single parking spot in the subterranean garage located directly below the unit as well as ample community parking. Enjoy an array of resort-style amenities within this gated community, including tennis and racquetball courts, a clubhouse for social gatherings, a sauna, and a sparkling pool. Located near the scenic Bolsa Chica Wetlands Preserve, you’ll have access to picturesque trails and the beauty of nature just moments away. This condo effortlessly combines modern upgrades, convenience, and a prime location. Schedule your showing today and make this home your own!
Source: CRMLS #OC25018612
Financials
Source: Public records
Source: CRMLS #OC25018612
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.
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 “Get Notified” 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 580, 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.