5243 Pacific Ter, Hawthorne, CA 90250
4 beds · 3 baths · 2,163 sqft
Get a free consultation call with an expert in the mortgage assumption process.
THIRD FLOOR MEDIA ROOM + TERRACE | TWO OUTDOOR SPACES | BEDROOMS ON SAME LEVEL! Welcome to your dream home located at 5243 Pacific Terrace in the exclusive gated community of ThreeSixty at South Bay. This Terrace model offers a stunning contemporary residence, with no shared walls, low HOA and built in 2013. One of the few models offering 4 spacious bedrooms, 2.5 luxurious bathrooms, and two incredible outdoor living spaces! This floorplan is designed for today's lifestyle with lots of flexibility for different areas and spaces to be used for a home office, guest rooms, work out areas and entertaining friends and family. Step inside to discover a modern kitchen equipped with flat-front cabinets, sleek quartz countertops, a designer backsplash, and stainless steel appliances—perfect for any home chef. Enjoy seamless indoor-outdoor living with a large private patio accessible from the main floor. The second level is home to the tranquil master suite, featuring a double sink bath, a large shower, quartz countertops, and a walk-in closet. Three additional bedrooms (one currently set up as an office) and a convenient laundry room complete this floor. The third level offers an expansive media room for entertaining, home office or second living area - designed with custom cabinetry and a stunning Terrace- providing additional outdoor living space ideal for gatherings or relaxation. Many bells and whistles on this home including the entire home being wired for sound, central AC, garage storage/ shelving, custom built-ins and a THIRD parking space. ThreeSixty South Bay is a spectacular community and rare find in Greater LA County! Enjoy incredible, five-star inspired, resort amenities including a clubhouse, two sparkling pools, large spa, outdoor and indoor entertainment areas, a billiards room, wine room, 24 hour high-end fitness center, sport court, two dog parks, a tot lot, and a meditation garden. Located within the highly regarded Wiseburn School District and minutes from major employers/highways, The Point, Manhattan Village and the beach! Don't miss out on this amazing opportunity - this one will go FAST!
Source: CRMLS #SB25083548
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #SB25083548
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 and Equal Opportunity Act.