26 Valmont Way, Ladera Ranch, CA 92694
2 beds · 3 baths · 1,230 sqft
Rare premier property in Valmont community of Ladera Ranch! This charming townhouse offers amenities few others can boast. One of 6 units with its own 2 car full driveway and one of 8 units with an added tech space and additional balcony at the front of the home with an extra storage closet. Open floor plan with no one above or below. As you enter the home through a tree-lined courtyard, you will find a laundry room that accommodates a full-sized stackable washer and dryer. Additionally, the first floor has a flex space to meet your own needs (exercise room, office, den, reading room, etc.) and direct access to the 2-car garage. Upstairs you find the main living space with a switch activated gas fireplace, ceiling fan, and custom built-in shelves. The dining area has slider access to a 2nd private, covered deck perfect for your morning coffee. Spacious kitchen with generous cabinetry and granite counters. An updated powder room completes this floor. The top-level features dual, primary, en suite bedrooms, both with ceiling fans, upgraded vanities and walk-in closets. Fresh paint, high ceilings and neutral flooring throughout. Neighborhood was re-piped with premium PEX piping. The HOA includes, free internet, clubhouses, pools, water park, spas, parks, sport courts, dog park, skate park, tennis, and much more. This is one you don't want to miss!
Source: CRMLS #OC25038109
Financials
Source: Public records
Source: CRMLS #OC25038109
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.