611 W Broadway, Anaheim, CA 92805
- beds · - baths · 2,654 sqft
Live in one and rent the other! Welcome to this transformed duplex in the heart of the Anaheim Colony Historic District both VACATING at the end of April! Two separate detached units completely remodeled with separate ample parking for both the front and back unit along with separate water heaters, electric and gas meters. The front house consisting of 3 bedrooms 2 bathrooms has newer luxury vinyl plank flooring throughout, modern fixtures and recently painted the interior and exterior. The kitchen is equipped with all modern appliances with quartz counters and European Cabinetry. The guest bathroom sits between 2 bedrooms with newer vanity, light fixture and shower/tub combo. Bedrooms are spacious with the primary bedroom having it's own walk-in closet with sliding French Doors. The primary bathroom was recently redone to now include all new vanity, tiled walk-in shower and washer/dryer. The front home is also equipped with double pane-windows throughout and central HVAC. The rear house is approx. 700 sq. ft. and features 1 bedroom 1 full bathroom that was built in 1980. Laminate flooring throughout with granite counters in the kitchen and bathroom. The back house also has double pane windows with a private grass area. Both homes were recently updated with newer copper plumbing and newer electrical. This property is centrally located and 5 minutes to Disneyland, Downtown Anaheim, Anaheim Packing District, Honda Center, Anaheim Angels Stadium, Cal State Fullerton, Fullerton College, Knott's Berry Farm, and many popular shopping malls. Easy access to 5, 91, 57, 22 and 55 freeways. CALLING ALL VA BUYERS!!! Assumable VA loan at 2.85% currently!!!
Source: CRMLS #PW25064414
Financials
Source: CRMLS #PW25064414
Source: Public records
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%. 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.
Other resourcesWhat 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.