116 Agave, Lake Forest, CA 92630
3 beds · 3 baths · 1,749 sqft
This Beautiful Turn-Key Residence offers Exceptional Privacy with an End Unit Location and an Expanded Greenbelt Facing Private Lot. Thoughtfully Designed for Modern Living this Beautifully Upgraded 3 Bedroom +Den Residence Perfectly Blends Warmth, Modern Design and Functionality. Step in the front door and immediately you are greeted with an Illuminating Light & Bright Interior and Neutral Tile Flooring that runs throughout the first floor living area. The Open Concept Great Room is Bathed in Sunlight, with Views of Lush Landscaping providing the Perfect Ambiance for your Daily Routine. The Gourmet Kitchen has been Upgraded Throughout and includes Stainless Steel Appliances, Gas Range, Neutral Granite Counter Tops & Center Island & On Trend Pendant Light Fixtures. An Added Bonus in this Highly Desirable Floor plan is the Spacious Downstairs Multi-Use Den perfect for the at home office, kids play room or a potential fourth bedroom. Upstairs you will find the Convenient 2nd Floor Laundry Room, Three Spacious Bedrooms and Two Full Bathrooms. Ease yourself into a New Wellness Routine in your Light & Bright Primary Suite Retreat surrounded by views of Lush Landscaping. Indulge in the Spa Like Primary Bathroom featuring Upgraded Dual Vanities, Designer Tile, Spacious Walk In Closet, & Restorative Walk In Shower. The Expanded Patio features Ample Space for family gatherings, Outdoor Entertaining, and is surrounded by Natural Landscaping. The 2 Car Attached Garage comes complete with extra Storage Racks. Additional Upgrades for the Modern Day Buyer Include Tankless Water Heater, Neutral Toned Interior Paint, Upgraded Designer Tile Details, Multiple Ceiling Fans and Recessed Lighting Throughout The Entire Home….Baker Ranch offers top of the line amenities including 3 Swimming Pools, 8 Parks, Hiking and Biking Trails, Tennis Courts, Beach Volleyball, Basketball Courts, Dog Park, Clubhouse and More. No Mello Roos and Low HOA. Beautiful Home..Do not wait on this one!
Source: CRMLS #OC25065849
Send questions to support@withroam.com
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
Source: CRMLS #OC25065849
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.