245 Pompano Pl, Norco, CA 92860
5 beds · 4 baths · 3,582 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This Norco Hills home with a view boasts incredible features, perfect for both family living and entertaining. The downstairs bedroom with an adjacent bathroom and pool access provides great convenience for guests. The formal living and dining areas offer elegant spaces for gatherings, while the family room, with its cozy fireplace and sliding door to the patio, is perfect for casual relaxation. The spacious kitchen is a chef’s dream, complete with double ovens, a 4-burner stove, a large prep island, and a breakfast bar. A walk-in pantry and a butler’s room, which offers direct access to the formal dining room, add functionality. For casual dining, there's an additional eat-in area with French doors leading out to the patio. Upstairs, you'll find 3 well-sized bedrooms that share a bathroom, along with a convenient laundry room. The large loft offers ample space for a variety of uses, while the master suite at the end of the hallway serves as a serene retreat. The airy master bedroom features French doors opening to a private balcony. The en-suite master bath has dual sinks, a separate shower and tub, and a walk-in closet. The backyard is an entertainer's paradise, with a fully equipped cooking area that includes a BBQ, fridge, and ample space for al fresco dining. The grassy area is perfect for games, while the covered patio with ceiling fans provides shade and comfort. The above-ground spa, surrounded by a pergola, offers relaxation, and the custom-built rock pool is a true highlight, featuring solar heating, multiple waterfalls, a grotto, a beach entrance, fire features, and resort-style lighting, all surrounded by mature palms. Property has fruit trees: fig, orange, pomegranate, peach, mango and grapevines. For those with horses, the property includes a turnout arena and a 4-stall MD barn with a tack room and hay shed automatic feeders and lighting. Additional amenities include a whole-house fan and two solar system’s one for pool one for house. Solar has a battery back up system as well. to enhance energy efficiency. Property has an extensive hardscape including RV drive, custom pavers, split faced retaining walls. And is located on a culdesac! This home is a true retreat, offering luxury, comfort, and versatility in one of Norco's most sought-after locations.
Source: CRMLS #IG25009257
Source: CRMLS #IG25009257
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 and Equal Opportunity Act.