1031 S Palmetto Ave Apt M5 # M5, Ontario, CA 91762
3 beds · 3 baths · 1,181 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 1031 S Palmetto Ave Unit M5 in Ontario—a place where style, comfort, and convenience come together to create the perfect home! This 3-bedroom, 2.5-bath condo is full of charm, featuring soaring vaulted ceilings and an open-concept layout that makes the space feel bright and airy. The living room is the heart of the home, with a cozy fireplace and large sliding doors that lead to a private backyard oasis—the perfect spot for relaxing with a cup of coffee in the morning or hosting friends under the twinkling patio lights. The kitchen is a true showstopper, with deep navy cabinets, sleek quartz countertops, and stainless steel appliances that make cooking and entertaining a joy. The breakfast bar is great for casual meals, homework sessions, or just catching up over a glass of wine. Upstairs, you’ll find a spacious primary suite that offers a peaceful retreat, along with two additional spacious bedrooms that can be used for family, guests, or even a home office. The stylish half-bath downstairs features a statement mirror and a pop of personality, adding a unique touch to the home. Other highlights include NEW VINYL PLANK FLOORING throughout and an ATTACHED TWO-CAR GARAGE for extra convenience. Plus, you’ll have access to great community amenities such as pool and spa Nestled in the heart of Ontario. 1031 S Palmetto Ave Unit M5 offers not only a beautiful home but also a prime location surrounded by shopping, dining, entertainment, and convenient transportation options. Just a short drive away, Ontario Mills Mall provides an incredible shopping experience with a variety of retail stores, restaurants, and entertainment venues. The area is also home to a diverse selection of local eateries and cafes, perfect for enjoying a night out or a weekend brunch. Whether you're commuting for work or travel, the property offers easy access to major freeways, including Interstates 10 and 15 and State Route 60, making trips throughout Southern California effortless. Additionally, Metrolink's Ontario–East Station provides a convenient public transit option, while Ontario International Airport is just minutes away for those who frequently travel. If you’ve been searching for a home that’s modern, welcoming, and move-in ready, this is it. Come see it for yourself—you’ll fall in love the moment you walk through the door!
Source: CRMLS #CV25040428
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 #CV25040428
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 of Equal Opportunity Act.