842 Kidder Ave, Covina, CA 91724
3 beds · 2 baths · 1,352 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 842 N Kidder Ave, Covina!!! A stunning modern turnkey home in the highly desirable Charter Oak district. This beautifully updated residence offers 3 spacious bedrooms and 2 luxurious bathrooms, thoughtfully designed for comfort and entertaining. With a bright, redesigned open floor plan that has added 81 sqft of living space, and high-end finishes throughout, you’ll feel right at home the moment you walk in. Energy efficiency is front and center with features like an in garage EV charging outlet —perfect for eco-conscious living—as well as potential RV parking for added convenience. Step outside into the expansive backyard, where you’ll find a serene oasis complete with several mature fruit trees, offering both beauty and bounty year-round with ample room for future additions. It’s an ideal space for barbecues, playtime, or simply relaxing under the California sun. Whether you’re just starting out or looking for room to grow, this home is the perfect blend of style, functionality, and location. An exceptional choice for a growing family or first-time buyer.
Source: CRMLS #CV25075490
Source: CRMLS #CV25075490
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.