20441 California City Blvd, California City, CA 93505
3 beds · 3 baths · 1,809 sqft
Welcome Home! Great opportunity for a family or investor looking for an income opportunity. The well maintained property is 3 bedroom (all with walk in closets) / 2 full bathrooms both with dual sinks + 1 half bathroom just off the living room. Approaching the property from the front OFF California City Blvd you will see a 2 car attached garage with a Smart Garage door opener for security. Through the front door to your left is a lovely living room w/ fireplace and semi open to the kitchen and breakfast nook. Feel free to enjoy a nice walk in pantry as you prepare to eat meals in the open dining area. Through the kitchen before you head back into the garage you have a full laundry room with plenty of space for side by side W/D and storage. The master bedroom is spacious and has direct access via sliding glass door to the back and side yard. In the fully fenced and secure backyard there are 2 sheds to take on storage, hobbies, or any other space endowed activities. Other features include HVAC w/ Honeywell thermostat, new stove and dishwasher (less than 2 years old & lightly used), fireplace, ceiling fans, recessed lighting in some areas and more. Some photos digitally enhanced w/ furniture.
Source: CLAW #24454753
Financials
Source: CLAW #24454753
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.