1870 Saddle Ranch Trl, San Jacinto, CA 92582
4 beds · 3 baths · 1,897 sqft
Welcome to 1870 Saddle Ranch nestled along the San Jacinto Mountains. This spacious 4 Bedroom, 3 Bathroom home has been well cared for and has only had one owner. Floors were upgraded with wood vinyl through-out. Wood shutters adorn all the windows, giving the home privacy, a clean look and cooler summer days. Layout is excellent for families sharing the space as a next gen home. Two bedrooms with a bathroom are on the east side. A singular bedroom with a bathroom are in the center of the home and the premiere bedroom sits on the backside of the home, giving the most privacy. Double sinks, a shower & tub combo with a walk in closet, complete the primary bedroom. Outside in the large backyard, you will find beautiful masonry work. With a built in bench, wired electrical and a grassy area or space to build a pool! The front of the home has been beautifully designed with turf and native rocks. Solar is owned, saving the new owner thousands of dollars in energy. Come fall in love and make this house your home
Source: CRMLS #CV25064096
Financials
Source: Public records
Source: CRMLS #CV25064096
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.