12433 Senecio Ave, Victorville, CA 92395
4 beds · 2 baths · 1,702 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Property Highlights: • Spacious Living: This single-family home features 4 bedrooms and 2 bathrooms, encompassing 1,702 square feet of living space, providing ample room for families or tenants. • Generous Lot: Situated on a 1.17-acre lot, the property offers expansive outdoor space suitable for various activities or future enhancements. • Modern Amenities: Built in 2002, the home includes hardwood flooring, a cozy fireplace, and essential appliances such as a dishwasher and laundry hookups. Comfort is ensured with forced air gas heating and central air cooling systems. • Convenient Parking: An attached two-car garage provides secure and convenient parking. • Scenic Views: Residents can enjoy serene mountain views, adding to the property’s appeal. Investment Potential: • Steady Appreciation: The Victorville housing market has shown consistent growth, with the median sale price of homes reaching $435,000, reflecting a 2.1% increase since last year. The median sale price per square foot is $236, up 6.1% over the same period. • Rental Income: The property’s features and location make it attractive to potential tenants, offering a promising opportunity for rental income. Location Benefits: • Educational Institutions: Nearby schools include Mojave Vista Elementary School (Grades K-6), Lakeview Leadership Academy (Grades 7-12), and Lomitas Elementary School (Grades K-6), providing quality education options for families. • Community Amenities: The area boasts various amenities, including shopping centers, parks, and recreational facilities, enhancing the living experience. This property represents a unique opportunity to own a home that combines comfort, space, and investment potential. Whether you’re embarking on homeownership for the first time or looking to expand your investment portfolio, this home warrants your consideration. Please feel free to contact me at your earliest convenience to discuss this opportunity further or to schedule a viewing.
Source: CRMLS #GD25079250
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 #GD25079250
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.