13985 Mataliza Ct # A, Phelan, CA 92371
5 beds · 4 baths · 2,488 sqft
TWO ON A LOT... MOVE IN READY and POSSIBLE INCOME PRODUCING PROPERTY. Two very well-maintained Manufactured homes. The main house features a NEW ROOF, NEWLY REMODELED KITCHEN, RENOVATED BATHROOMS, NEW PERGO WATERPROOF WOOD FLOORING, FRESH PAINT. NEW SEPTIC and, as a BONUS, Rainsoft Water Softener with Reverse Osmosis..., Sellers did it all so you don't have to. Just bring your personal belongings this one is TURN-KEY-READY. The property is fully fenced with a separate driveway and fencing for the second unit. Renting this out for a second income will be super convenient or to have family nearby. As you drive up, enter the landscaped front with a fenced lush grass area for little ones or fur friends to play and watch as you sit under the covered porch and enjoy the AMAZING sunsets. As you enter the front door, you are greeted by the NEWLY REMODLED KITCHEN, wood laminate floors, and an open-split floor plan. Enjoy the warmth of the fireplace and the woodburning stove to keep you extra toasty during the winter months. The second home features a split floor plan and comes with all the wood Laminate flooring available for the next lucky owner. MOVE IN READY. Each house has a private fenced driveway and yard. This screams Space and privacy bring the toys, and RV, there is plenty of room. Looking forward to you being the NEXT lucky owner.
Source: CRMLS #HD24242218
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: CRMLS #HD24242218
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.