11736 Fresh Meadow Pl, Victorville, CA 92392
5 beds · 3 baths · 2,323 sqft
Welcome Home! 11736 Fresh Meadow is a beautiful 5 bedroom 3 bath home boasting 2,311 square feet of living space with PAID OFF SOLAR. Located in the Verbena community in Victorville- a refuge where wide open spaces still exist in an otherwise crowded Southern California. Built in 2022, this home is practically a new construction and features all the bells and whistles of modern living. Buyers will love the open concept floor plan that features a beautiful great room. The kitchen has sleek white shaker cabinets, stainless steel appliances, quartz counter tops, and a great center island with space for extra seating. There is also a walk -in pantry and plenty of storage. The dining room has a great view out to the yard and the dining room features recessed lighting, lovely laminate flooring and a lovely accent wall. There is a downstairs bedroom with a large walk-in closet and a full bathroom around the corner, perfect for guests, an office or a playroom. At the top of the stairs, you'll find the spacious loft that acts as an additional gathering space and has excellent views. The spacious and luxurious primary suite offers a peaceful retreat with a beautiful bathroom complete with an oversized shower, dual sink vanity with stone counters, and generously-sized walk-in closet. The additional upstairs bedrooms all have ceiling fans and large closets and are close to the upstairs laundry room and bathroom. Other amazing features include "Americas Smart Home Technology" for home automation at your fingertips, LED recessed lighting, tank-less water heater, fire sprinklers and much more. There is an attached two car garage and an extra long driveway that allows for plenty of parking. The home sits on an oversized 7,700 square foot lot all fenced in with a sturdy block wall and features a back patio and a large section with artificial turf- the possibilities are endless in the back yard. No HOA! Located minutes from tons of shops and restaurants and the 15 freeway.
Source: CRMLS #IG25055844
Source: CRMLS #IG25055844
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.
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 “Get Notified” 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 580, 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.