9936 Rosecrans Ave, Bellflower, CA 90706
4 beds · 2 baths · 1,614 sqft
Get a free consultation call with an expert in the mortgage assumption process.
BACK ON THE MARKET!!!!! PRICE TO SALE !! HAVE A LARGE FAMILY ? WELCOME TO YOUR NEW HOME IN THE BEAUTIFUL, FAMILY ORIENTED CITY OF BELLFLOWER!! THIS HOME WONT LAST!!! THIS SINGLE FAMILY HOME HAS A 280 SQ. FT. FULLY PERTMITTED GUEST STUDIO WITH ITS OWN ENTRANCE AND FULL BATHROOM, SITUATED JUST BEHIND THE GARAGE. PERFECT FOR GUEST, EXTENDED FAMILY OR HAS POTENTIAL FOR RENTAL INCOME OPPORTUNITY. THE GARAGE ITSELF HAS POTENTIAL TO CONVERT IT INTO AN ADU. GARAGE HAS ALLEY ACCESS AS WELL. WITH PLENTY OF PARKING ! WHAT A GREAT OPPORTUNITY!!! THE MAIN HOUSE IS BEAUTIFULLY MAINTAIN, THAT ENHANCE BOTH COMFORT AND STYLE. THIS INVITING BRIGHT & COZY HOME HAS 3 BEDROOMS, ONE BATHROOM, NICE BRIGHT OPEN KITCHEN WITH GOOD QUALITY OAK KITCHEN CABINETS. REMODEL BATHROOM, NEW ROOF, AWESOME PATIO-GREAT FOR THOSE SUMMER DAYS TO ENJOY WITH FAMILY & FRIENDS. YOU CAN ALSO ENJOY YOUR SUMMERS RELAXING UNDER THE LARGE AVOCADO TREE. IT ALSO INCLUDES A DOG RUN FOR YOUR DOGS TO ENJOY. HOUSE IS CONVENIENTLY LOCATED MINUTES FROM THE 605 & 105 FREEWAY, PARKS AND GREAT SCHOOLS- BOTH PUBLIC AND PRIVATE. CHURCHES, RESTAURANTS AND FARMERS MARKET TO ENJOY EVERY MONDAY.
Source: CRMLS #MB25032816
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #MB25032816
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.