24255 Verde St, Lake Forest, CA 92630
3 beds · 2 baths · 1,404 sqft
Welcome to 24255 Verde St, Lake Forest, CA 92630 — a hidden gem with incredible potential, Priced well below market value, this home is a rare opportunity in a high-demand area in one of Orange County’s most sought-after neighborhoods. This charming 3-bedroom, 2-bathroom single-story home sits at the end of a quiet cul-de-sac with no HOA and offers a rare opportunity to create your dream home in a prime location just minutes away from the 5 and 405 FWYs, the Irvine Spectrum, dining, shopping and entertainment. Featuring granite countertops in the kitchen and coated garage floors, this home offers a solid foundation with great bones. With some creativity and your personal touch, it can easily be refreshed and brought back to its full potential. Enjoy a spacious front patio and a private backyard filled with fruit trees, including an Avocado tree— perfect for relaxing or entertaining. Just steps from Mountain View Park, you'll have access to tennis courts, basketball courts, and scenic walking trails. Lake Forest is a vibrant, family-friendly community known for its excellent schools, abundance of parks, and convenient access to shopping, dining, and recreation. With no Mello-Roos and endless potential, this property is a rare find in a high-demand area. Don’t miss your chance to transform this home into something truly special — schedule your private showing today! Information deemed reliable but not guaranteed. Buyer to verify all details.
Source: CRMLS #PW25043882
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #PW25043882
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.