147 State Highway 173, Lake Arrowhead, CA 92352
3 beds · 3 baths · 1,700 sqft
Welcome to this turnkey, fully furnished, secluded lakeside cabin home in the Arrowhead Woods Community with walking distance to the lake and village! Situated in a large 1/3 acre lot offering privacy, comfort and relaxation for you and your family. This cabin has received 200k+ in upgrades throughout the last ten years with custom remodeled kitchen and bathrooms, newer AC and tankless water heater units, newer roof, fireplace, custom cabinetry throughout, security system and more. The main floor opens to a serene deck with a Jacuzzi spa hot tub surrounded by trees and the peaceful sounds of nature. Off the opposite side of the kitchen, you will find the laundry area, bathroom and a private bedroom. The top floor has two adjoining bedrooms with a full bathroom perfect for kids. The lower level features a bonus room with a walk-out deck, wet bar, mini-fridge, 75" TV, king-size Murphy bed and full bathroom w/ steam shower perfect for guests. A large outdoor shed for storage sits next to cabin and next to a long driveway fit for a few cars, possibly a RV. This cabin is one block walking distance and super accessible to the lake. When you're ready to enjoy a day at the lake, pack your play and picnic gear and head across to the lake where you'll find picnic tables, sand volleyball courts and restrooms. Lake rights and no HOA! Don't miss this beautiful, cozy, move-in ready home with everything you need to enjoy the lake and its beautiful surroundings in Lake Arrowhead!***For VA Buyers, assumable financing is available through Seller***
Source: SANDIEGO #SDC0000866
Financials
Source: SANDIEGO #SDC0000866
Source: Public records
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%. 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.
Other resourcesWhat 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.