147 State Highway 173, Lake Arrowhead, CA 92352
3 beds · 3 baths · 1,700 sqft
Get a free consultation call with an expert in the mortgage assumption process.
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*** The use of ALA accesses and trail system is limited to members of the Arrowhead Lake Association and/or property owners of Arrowhead Woods. For more information, visit ala-ca.org.
Source: CRMLS #SDC0000866SD
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 #SDC0000866SD
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 of Equal Opportunity Act.