2275 Wailea Beach Dr, Banning, CA 92220
2 beds · 2 baths · 1,471 sqft
Welcome to your new home at 2275 Wailea Beach Dr, nestled in the serene, gated Senior Community of Sun Lakes Country Club in Banning, CA. This charming property offers a comfortable and stylish living experience with 1,471 sq ft of thoughtfully designed space. Featuring a spacious primary suite and a generously spaced 2nd bedroom and bathroom, this house is perfect for anyone seeking a peaceful retreat. The heart of the home is its open concept living area which seamlessly integrates the living room, dining area, and kitchen—ideal for gatherings and shared moments. The kitchen is a delight with its sleek granite countertops providing both functionality and a touch of elegance. Wood flooring throughout enhances the warmth and continuity of the home's design. An additional space serves as a den or office, offering flexibility for your work-from-home needs or a quiet reading nook. Step outside to find a spacious backyard where you can relax, entertain, or indulge in gardening. This outdoor space is a blank canvas for you to create your personal oasis. Living in the Sun Lakes Country Club community not only means enjoying a beautiful home but also the perks of a secure and friendly neighborhood atmosphere, PGA golf course, a restaurant, several pools and fitness centers along with tennis courts for the sports enthusiasts. Whether you’re downsizing, or simply looking for a tranquil place to settle, this home presents the perfect opportunity. Explore the possibility of calling this delightful home your new home. Contact us today to schedule a viewing and experience it all firsthand!
Source: CRMLS #DW24127570
Financials
Source: Public records
Source: CRMLS #DW24127570
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.