8288 Mercury Dr, Buena Park, CA 90620
4 beds · 3 baths · 2,470 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your beautifully appointed two-story HOME nestled in a cul-de-sac! This SPACIOUS 4-bedroom, 2.5-bath residence is on 2,470 sq ft of living space on a 5,502 sq ft lot. Step inside to find HIGH CEILINGS and a warm, inviting family room complete with a cozy fireplace. The heart of the home opens to a versatile layout perfect for both daily living and entertaining. Upstairs, the EXPANSIVE PRIMARY SUITE offers a peaceful retreat with its own fireplace, a sitting area, a luxurious freestanding soaking tub, two vanity sinks and a generous sized walk-in closet. Each bedroom provides comfort and functionality. Interior laundry area is conveniently located downstairs and adds to the home’s ease of living. Enjoy the flexibility of the 2-car garage—currently set up as a stylish man cave, ideal as a home office, gym, craft space, or game room. The backyard is a private oasis with mature avocado, guava and lemon trees, perfect for those who appreciate homegrown produce and private outdoor living. Located just minutes from Knott’s Berry Farm, Porto’s Bakery, The Source OC, Buena Park Downtown, Metrolink Train station, Disneyland Anaheim, shops, parks and easy access to the 5 & 91 freeways, this home is perfectly situated for both relaxation and convenience. Don't miss the chance to make this charming and versatile HOME your own!
Source: CRMLS #CV25087179
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #CV25087179
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.