6342 Chapman Ave, Garden Grove, CA 92845
4 beds · 2 baths · 1,119 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Beautifully updated, remodeled, and improved single level home in a desirable West Garden Grove family friendly East Gate neighborhood ideally located within walking distance of local schools, shopping, dining, fitness, Cinemas, and Chapman Sports Park. Classic Ranch architectural features and highly manicured landscaping create a welcoming first impression. Step inside and soak in the light filled, open concept interior with recessed lighting, sleek upgraded laminate flooring throughout, wide baseboards, scraped ceilings, and new ceiling fans creating a perfect living environment. The sparkling remodeled and redesigned kitchen is a dream with upgraded timeless white shaker cabinetry, gorgeous Quartz countertops, a fully tiled backsplash, a garden window perfect for a home herb garden, desirable farmhouse sink, upgraded faucet and fixtures, and newer matching stainless-steel appliances. The living room opens to a large sun filled bonus sunroom, with direct access to the backyard patio, perfect for a family room, rec room, playroom, den, or teen hangout. The primary bedroom suite is a peaceful retreat with en-suite half bath with upgraded vanity and fixtures. Three guest bedrooms and an updated full guest bathroom complete this desirable floor plan. The backyard is a private oasis perfect for relaxing, BBQing, and entertaining friends and family, with a large patio and new patio cover (2024), fantastic new backyard deck (2023), large grassy lawn, new irrigation system and mulch (2023), new backyard shed (2024), and large side yard. Additional improvements included whole house repiped with Pex plumbing, finished garage with drywall and flooring, updated HVAC and water heater (2014), upgraded electrical, painted entire house and fence, new living room window, replaced attic insulation, and quarterly pest control. You will adore the convenience of this location, just a short walk to numerous shopping and dining venues, entertainment, bowling, and several local top-rated schools and parks. Easy freeway access and close to Disneyland, Anaheim, and just minutes from Sunset Beach and Bolsa Chica.
Source: CRMLS #OC25059058
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #OC25059058
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.