10022 Silver Rock Rd, Pinon Hills, CA 92372
2 beds · 1 baths · 1,229 sqft
This unique custom single-family home offers an unparalleled blend of comfort, functionality, and sustainable living. Perfectly sitting on just under two acres, this property strikes the ideal balance between private retreat and family living. Its thoughtful design and modern amenities make it an irresistible offer in today’s market. Step inside to find a well-proportioned layout spread over 1,229 sqft, exuding warmth and sophistication through the seamless combination of exposed beams and loft. The open floor plan harmoniously connects the family room and the spacious kitchen, inviting you to experience endless family interactions and shared memories. The kitchen features gleaming granite countertops, stainless steel appliances, and a convenient breakfast bar. Large windows envelop the area, bathing the interior in natural sunlight and creating an inviting atmosphere. With generously sized bedrooms and a stylish, well-appointed bathroom, the home is designed to provide just the right amount of space without overwhelming its occupants. Additional practical touches include an efficient laundry room and ample storage options, ensuring housework is as seamless as possible. Outside, the property is equally enticing. Enjoy leisurely afternoons on the sun-drenched patio, surrounded by a privacy fence that ensures a secure and serene environment. A sizable shed offers extra storage, while RV parking accommodates your adventurous journeys. Don’t miss the opportunity to make this home your own paradise—a perfect blend of elegance and utility. Seller has roof tiles and CMU blocks for a projected room addition. Schedule a viewing today and experience firsthand the charm of life.
Source: CRMLS #IV25019271
Source: CRMLS #IV25019271
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.