14092 Canfield St, Victorville, CA 92394
4 beds · 2 baths · 2,017 sqft
Gorgeous Diamond Ridge IV home on desired corner lot was built near-new in 2023 in an attractive neighborhood! Thoughtfully designed curb appeal with beautiful drought-tolerant plants and an inviting covered entryway behind arches. You will love this open, airy floor plan perfect for entertaining! The formal living area is naturally light and offers ample space for artwork or a large mirror. It opens to the kitchen and dining area with a sliding glass door to the backyard for that fun indoor-outdoor vibe. The cook in your family will love this sleek, contemporary kitchen with a center island/breakfast bar, granite counter tops, Shaker style cabinetry and stainless steel appliances. You will love the newly installed kitchen faucet and refrigerator! Relax in the primary suite that is generous in size. The full ensuite bathroom offers double sinks, large walk-in closet and privacy toilet door. Use the den as a 4th bedroom, home office, game room, etc! More bedrooms and a second bathroom are down the hall, as well as the laundry room. This home also has a tankless water heater, ceiling fans in most rooms and solar panels. The possibilities are endless for a backyard like this! It is enclosed by block walls on two sides and a wood fence to the rear. We are convenient to the freeway, perfect for those of us who commute. This property has no HOA dues or Mello Roos fees!! Take a close look at one of Victorville's most exceptional properties today!
Source: CRMLS #CV25054785
Financials
Source: Public records
Source: CRMLS #CV25054785
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.