2550 E Jenny Ave, Fresno, CA 93720
4 beds · 4 baths · 3,239 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this custom masterpiece, where luxury and elegance blend seamlessly. The home greets you with dramatic, towering windows that nearly stretch from floor to ceiling, flooding the space with natural light and framing the grand entryway. Marble floors and a stunning marble staircase ascend beneath soaring ceilings accented by soft taupe tones and stately pillars. Step into the gourmet kitchen, where custom cabinetry, a crystal chandelier, and granite countertops are beautifully complemented by four layers of crown molding. This space flows effortlessly into the living room, featuring built-ins and a cozy fireplace, perfect for gatherings or relaxation. Upstairs, the first bedroom opens to a private balcony through French doors, complete with an ensuite bathroom. Two additional bedrooms share a thoughtfully designed Jack-and-Jill bathroom. The primary suite, set behind elegant double doors, is a sanctuary with its own fireplace, spa-like bathroom featuring a soaking tub, dual vanities, and two expansive walk-in closets. For added convenience, an upstairs laundry room awaits, along with a versatile garage space ideal for a workshop or gym. Outside, the backyard oasis invites you to unwind by the sparkling pool, complete with a cascading waterfall. Throughout the home, luxurious finishes, including marble accents in the guest powder room, create a sense of timeless sophistication. This home provides a truly unique and lavish living experience—an exquisite blend of comfort, style, and grandeur
Source: CRMLS #FR24217051
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 #FR24217051
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 and Equal Opportunity Act.