5811 Alta Ave, Whittier, CA 90601
5 beds · 4 baths · 3,550 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled atop a hill, this exquisite 1920s Italian Villa estate offers 180 degree breathtaking views of the city from L.A. to Orange County and peaceful views of the Turnbull Canyon Hills. Spanning approximately 3,350 sq ft this home sits on on a generous estate sized lot. This expansive property offers a 2 parcel lot (additional parcel # 8126-041-003) with an opportunity to build another home. The grand living room exudes warmth and charm, featuring a marble fireplace, crown molding, a coved ceiling, and original hardwood floors. French doors provide an abundance of natural light and frame the stunning views. From the living room, French doors lead to a spacious and peaceful sunroom, perfect for relaxing and enjoying the surrounding beauty. The formal dining room, continues the crown molding and large French window doors. Living and dining room flow seamlessly into each other , making it ideal for entertaining guests while taking in the panoramic views. The kitchen is a chef's delight, complete with a butler's pantry, ample cabinet space, elegant marble countertops, and large picture windows with views of the city. This estate features five bedrooms and three and a half bathrooms. Two of the bedrooms are connected by a charming Jack-and-Jill bathroom with a classic clawfoot tub and old world charm. The third bedroom has a light and airy resort feel, French door windows, captivating views, and a spacious layout. It includes a beautiful en-suite bathroom, providing a possible downstairs primary suite. The fourth bedroom is presently used as an office with peaceful views of the hills and trees. Ascend the gorgeous tile staircase to the primary bedroom, a true sanctuary with sweeping city views, double walk-in closets, and a luxurious private bath featuring a charming clawfoot tub. From here, step out onto the rooftop deck to savor the incredible views, enjoy breathtaking sunsets, watch the Disneyland fireworks, or see the cruise ships leave Long Beach. The property also has a finished basement, a guest house, garage work area, and a storage shelter that could be the perfect wine cellar. Located minutes away from the charming Uptown Whittier with a variety of restaurants and shops to enjoy. A short walk down your driveway and you are on the trails of Turnbull Canyon. Don't miss the unique opportunity to own a 100 year old home that blends timeless elegance and modern comfort amongst the preserved small-town charm that makes Uptown Whittier so special.
Source: CRMLS #PW24175426
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #PW24175426
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.