23966 Decorah Rd, Diamond Bar, CA 91765
5 beds · 3 baths · 2,204 sqft
PRICE ADJUSTMENT !! Welcome to Diamond Bars beautiful Decorah Road. This home is situated nicely in the neighborhood. The 5-bedroom 3 bath home is awaiting your arrival. The moment you open the front door there is a nice size family room equipped with a fireplace for family and friends cozy gatherings. The downstairs bedroom and nearby bathroom with shower perfect for guests or your in-laws'. The kitchen has plenty of counter space and cabinetry for all your cooking needs. Kitchen opens to a dining area with sliding doors to the added 2015 expansive enclosed patio not included in the square footage , great for a game room, media room, or many other options. The patio then opens to the large, grassed backyard the two large side yards and are all fenced in for safe children's play or our favorite family pets, plenty of room for a pool. Back inside the upstairs has 4 bedrooms 2 baths one in the primary. Flooring is a mix of laminate type and carpeting. The front yard has a nice lawn, an extra wide driveway and a front facing 2 car garage with extra storage or workspace for the tinkerers. The home has many special features like Sun Strong Solar panels and Rain Soft water softener both easy transfer leases, Solar $163 is their current electric bill (may vary?) rain soft is $50 per month includes the salt refills, recessed lighting, ceiling fans, dual pain windows, new roof 2017, New AC 2020, hot water heater 2021, upstairs bath 2016, interior sprinklers 2024 and much more. Parks nearby and a short drive to the Diamond Point Clubhouse the community's favorite hangout, large pool with observation seating areas for picnics., there is pickleball, tennis, sports court and of course the banquet facility great for hosted birthdays, family reunions or just a party. The rolling streets have plenty of trees and hill views. This favorite Diamond bar community is close to the 57 and 60 freeways, shopping and many other community benefits. Come check it out !!!!!
Source: CRMLS #PW25021868
Send questions to support@withroam.com
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: CRMLS #PW25021868
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.