1220 Roma Ct, San Jacinto, CA 92583
5 beds · 3 baths · 2,424 sqft
Welcome to your perfect family home with a POOL! This beautiful and spacious 5-bedroom, 3-bath home offers a perfect blend of comfort, style, and outdoor fun. With a generous layout, this residence is ideal for large families or families looking for room to grow. Enjoy a large master bedroom complete with an en-suite bathroom featuring dual vanities, large walk in closet and a soaking tub, perfect for unwinding after a long day. The home boasts two large bedrooms downstairs, ideal for guests or roommates, plus an upstairs area with two Jack-and-Jill bedrooms that provide both privacy and convenience for kids or guests. The heart of the home features a large kitchen equipped with ample storage, quartz countertops, and modern appliances, perfect for hosting family gatherings or casual dinners.: Step outside to your oversized backyard, where a heated saltwater pool and jacuzzi await, providing year-round enjoyment. The kids will love the swing set, while the large patio area equipped with ceiling fans is perfect for entertaining or relaxing under the sun. Situated close to shopping centers and a variety of eateries, this home offers both a peaceful retreat and easy access to all your daily needs. This stunning property combines luxurious living with functional space, making it a rare find in today’s market. Don’t miss your chance to call this beautiful house your home! Schedule a viewing today and experience all that this exceptional property has to offer.
Source: CRMLS #HD24218975
Financials
Source: Public records
Source: CRMLS #HD24218975
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.