11530 Oak St, Apple Valley, CA 92308
2 beds · 2 baths · 1,214 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Beautiful gated 55+ community. Well-positioned for convenience to restaurants and natural attractions! A delightful find in the secured gated 55+ community of Jess Ranch development, this 2-bedroom 2-bath modern home awaits its new owners. Tucked away on a quiet, low-traffic street lined with sidewalks, the home is within pedestrian range of the natural beauty of Mojave River Walk, and minutes to various shopping and dining destinations. Rear fencing heightens the sense of privacy in the backyard. As you step inside from the Welcome mat, touches of lifestyle value will let you know you're home. Your interior design preferences will find an expansive blank slate in the sun washed open floor plan, with its vibrant coloring. The centerpiece of the living room is a gas fireplace that inspires gathering and conversation. Aesthetic appeal, enhanced functionality and added lifestyle value are the ingredients of this recently updated kitchen. A lot of great meals are going to be created on these exceptional granite countertops. Surfaces are in the popular U-shape configuration, maximizing workspace and flexibility. Also, a breakfast nook for your morning coffee. The ensuite primary bedroom is a spacious and a great recharging station for the day. In addition to the convenience of the private bathroom, you will find plenty of walk-in closet space to let your wardrobe breathe. The other additional bedroom can be used for an office/den for enhanced privacy. A detached two-car garage is available for its original purpose or for use as additional flex space. Someone's going to be very happy here . . . let it be you! Make an appointment to tour today.
Source: CRMLS #IV25080916
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 #IV25080916
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.