8409 Cora St, Sunland, CA 91040
4 beds · 3 baths · 2,400 sqft
Nestled in the picturesque foothills of South Sunland, this modern masterpiece offers an unparalleled quality of build and design. Upon entry you are captivated by the dramatic oversized steel entry door leading to the breathtaking foyer with soaring ceilings. The inviting open concept living room is highlighted by an impressive wall of dual sliding glass door panels, seamlessly connecting the indoor and outdoor spaces. The living room features a media wall with a stylish linear fireplace, and a hidden niche for discrete placement of electronics. The home is wired and ready for surround sound to create an immersive entertainment experience. The living room flows into a dream kitchen with an extensive amount of custom soft-close cabinetry, expansive quartz countertops, and the heart of the home, a grand waterfall edge center island. Appointed with premium stainless steel appliances, including a 5 burner induction cooktop, convection oven and microwave with smart features. A sleek glass walled staircase ascends to a versatile loft perfect for an office, study/play room or 2nd living area. A thoughtfully placed upstairs laundry room is on everyone's list. The primary suite offers a private balcony overlooking the backyard and pool with tranquil views perfect for relaxing with your morning coffee or sunset cocktails. A luxurious spa-inspired en-suite bath designed for ultimate relaxation, with dual shower-heads, a free-standing soaking tub and private water-closet. The gorgeous walk-in closet is astutely placed and custom-designed for optimal organization. The backyard oasis is highlighted with a sparkling heated pool in a pebble finish, a Pentair IntellifFlo system and integrated customizable illumination. The extensive list of thoughtful details put into the build and design of this home include an Energy Recovery Ventilator improving indoor air quality and energy efficiency, pre-installed solar system with wiring for dual electric car chargers, and an impressive black glass panel garage door with a soft-close LiftMaster opener. Minutes from Jack Nicklaus-designed Angeles National Golf Club, easy access to hiking and biking trails, and convenient access to DTLA, Pasadena and Glendale offers both accessibility and tranquility. This brand new modern masterpiece is a rare opportunity in one of Sunland's most sought-after neighborhoods. The perfect blend of luxury, sustainability and proximity to nature for those who insist upon excellence!
Source: CRMLS #BB25050596
Financials
Source: Public records
Source: CRMLS #BB25050596
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.
What 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.