6014 Olive Ave, Long Beach, CA 90805
3 beds · 1 baths · 1,176 sqft
This stunning 3-bedroom, 1-bathroom home with a BONUS private casita guest room is an entertainer’s dream! Spanning 1,176 sq. ft, this beautifully upgraded property features a new custom heated pool and spa, an open and inviting floor plan, and countless modern updates. Step inside to a freshly painted interior with an open floor plan and a separate dining room, perfect for hosting friends and family. Built-in cabinets provide ample storage space, while the home is complete with a washer and dryer and central A/C, and a whole house attic fan to help keep the home cool and energy-efficient. The remodeled bathroom adds a stylish touch, and copper plumbing throughout ensures long-term peace of mind. The backyard has been completely transformed into a private paradise! Enjoy a brand-new custom heated pool with a waterfall and jacuzzi spa, perfect for relaxation or summer gatherings. The outdoor space features newer cement work and a built-in gas-ready BBQ, making it ideal for entertaining. Plus, a storage shed offers additional space for tools, pool equipment, or seasonal items. The detached two-car garage offers incredible potential—convert it into an ADU, use it as a home gym, rental cashflow, or create your dream workshop. Plus, solar panels help you save on energy costs! Located in a fantastic Long Beach community, you’re just minutes from Houghton Park, Starbucks, the library, SteelCraft restaurants, and easy access to the 710 & 91 freeways. Don’t miss out on this rare opportunity to own a stylish, move-in-ready home with a resort-style backyard. Schedule your private tour today! Your dream home awaits!
Source: CRMLS #PW25065894
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #PW25065894
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 of Equal Opportunity Act.