12490 Rustic Oak Trl, Victorville, CA 92392
5 beds · 4 baths · 3,108 sqft
Welcome to 12490 Rustic Oak Trail, in Victorville, CA 92392 Located in the prestigious Eagle Ranch Community. This MAJESTIC HOME features 3,108 sq. ft. with 5 large bedrooms and 4 baths, 11,000 sq. ft. lot and 4 car garage. Walk in to the double doors and you are welcomed to a spacious living room with high ceilings a beautiful stairwell with a cat walk that overlooks the living room. A very large family room with an elegant fireplace, a gorgeous kitchen with a center Island definitely a chef's dream. The formal dining room is very spacious. The master suite is downstairs with double doors and high ceilings. The master bath has a sunken tub for those romantic getaway's This home has plenty of light, lots of windows that invite your family and guests to enjoy such a peaceful home, visiting with each other. This home has everything for the family that loves to entertain, it also has a large patio for family BBQ's The large lot has plenty of room for a swimming pool or whatever your heart desires. It seats at the end of a cull de sac, talk about privacy. The 4 car garage has plenty of room for all your cars and toys. This home is close to everything from churches to shopping schools Fwys and public transportation. Updated photos coming soon. The seller made more upgrades. Water fountain in front is not included with the sale. Bring your fussiest buyers, they will fall in love with this dream home.
Source: CRMLS #CV25043828
Financials
Source: Public records
Source: CRMLS #CV25043828
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.
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