1569 N San Gorgonio Ave, Banning, CA 92220
2 beds · 2 baths · 1,260 sqft
Get a free consultation call with an expert in the mortgage assumption process.
WOW! WOW! WOW!!! This is DEFINITELY the cutest little cottage on the cutest street in all of Banning!!! (if I do say so myself) Welcome to 1569 N San Gorgonio Ave, a spacious 2 bedroom, 1 bath, 1,260 sqft home on the prettiest tree lined street around town. Though on record as a 2/1, there actually is a separate 3rd bedroom built off the garage with an attached bath, buyer to satisfy themselves as to permits, but you can definitely enjoy having this space... think adult child, guest room, granny suite?? This beauty is just to die for and you will absolutely fall in love!!! As you pull up, you will be immediately wowed by the stunning curb appeal, freshly painted exterior and beautiful new windows. Briefly picture yourself sitting on the lovely, welcoming front porch, enjoying the calm, nature filled surroundings, before you step through the front door and behold the sun bathed, oversized family room with gorgeous fireplace and stunning picture windows. The two bedrooms off to the right are huge with ample storage, as well as the bathroom. The kitchen is massive with tons of storage and still has a lot of the original charm, so you can keep it as is, or reimagine it to reflect a more modern feel if you choose, the choice is all yours. Next, you can choose to step through the charming, original glass doors from either the kitchen or family room and behold the massive covered, paved patio with super tall ceilings and impressive beams. This elevated patio overlooks a beautiful, spacious backyard with multiple fruit trees... This absolutely adorable home is ready for it's new owner, will it be you?? Call to schedule your private showing NOW, you won't regret it!! UPDATES INCLUDE NEW DOUBLE PANE VINYL WINDOWS, NEW INTERIOR AND EXTERIOR PAINT, NEW FLOOING, NEW ROOF, NEW ELECTRICAL, NEW PLUMBING, NEW SWAMP COOLER!! Just move in and enjoy! TO BE SOLD AS IS, NO ADDITIONAL WORK WILL BE DONE!!! Sweat equity required in detached rooms.
Source: CRMLS #IG25061985
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #IG25061985
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.